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 |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 266 |
| 2020 | 259 | 246 |
| 2021 | 245 | 226 |
| 2022 | 230 | 205 |
| 2023 | 215 | 184 |
| 2024 | 199 | 163 |
| 2025 | 182 | 141 |
| 2026 | 165 | 119 |
| 2027 | 148 | 96 |
| 2028 | 130 | 73 |
| 2029 | 112 | 50 |
| 2030 | 94 | 27 |
| 2031 | 75 | 3 |
| 2032 | 56 | -22 |
| 2033 | 37 | -48 |
| 2034 | 16 | -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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