Proposed Provision: E1.3. Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2018 and later.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2017298298
2018287287
2019273266
2020259246
2021245226
2022230205
2023215184
2024199163
2025182141
2026165119
202714896
202813073
202911250
20309427
2031753
203256-22
203337-48
203416-74
2035-4-101
2036-26-129
2037-47-157
2038-70-186
2039-92-215
2040-115-245
2041-138-275
2042-161-306
2043-184-336
2044-207-367
2045-230-398
2046-253-428
2047-276-459
2048-300-490
2049-323-522
2050-346-553
2051-370-584
2052-393-616
2053-417-647
2054-440-678
2055-464-710
2056-487-741
2057-511-773
2058-536-805
2059-560-838
2060-585-871
2061-611-904
2062-637-938
2063-663-973
2064-690-1008
2065-717-1043
2066-745-1079
2067-772-1115
2068-801-1152
2069-829-1188
2070-858-1226
2071-888-1264
2072-918-1303
2073-949-1343
2074-981-1384
2075-1014-1426
2076-1047-1469
2077-1082-1514
2078-1117-1559
2079-1153-1606
2080-1190-1653
2081-1227-1701
2082-1264-1748
2083-1300-1796
2084-1337-1843
2085-1374-1890
2086-1410-1937
2087-1446-1983
2088-1483-2030
2089-1520-2077
2090-1557-2125
2091-1595-2173
2092-1633-2221
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