Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2021-2044, until the rate reaches 14.8 percent in 2044. Then increase the payroll tax rate an additional 0.1 percentage point in each year from 2083-2087, until the rate reaches 15.3 percent for 2087 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 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 245 |
| 2022 | 230 | 231 |
| 2023 | 215 | 217 |
| 2024 | 199 | 203 |
| 2025 | 182 | 188 |
| 2026 | 165 | 174 |
| 2027 | 148 | 160 |
| 2028 | 130 | 146 |
| 2029 | 112 | 133 |
| 2030 | 94 | 120 |
| 2031 | 75 | 107 |
| 2032 | 56 | 94 |
| 2033 | 37 | 81 |
| 2034 | 16 | 68 |
| 2035 | -4 | 55 |
| 2036 | -26 | 43 |
| 2037 | -47 | 30 |
| 2038 | -70 | 18 |
| 2039 | -92 | 7 |
| 2040 | -115 | -4 |
| 2041 | -138 | -15 |
| 2042 | -161 | -25 |
| 2043 | -184 | -34 |
| 2044 | -207 | -42 |
| 2045 | -230 | -50 |
| 2046 | -253 | -58 |
| 2047 | -276 | -65 |
| 2048 | -300 | -72 |
| 2049 | -323 | -79 |
| 2050 | -346 | -86 |
| 2051 | -370 | -94 |
| 2052 | -393 | -100 |
| 2053 | -417 | -107 |
| 2054 | -440 | -114 |
| 2055 | -464 | -122 |
| 2056 | -487 | -129 |
| 2057 | -511 | -136 |
| 2058 | -536 | -144 |
| 2059 | -560 | -152 |
| 2060 | -585 | -160 |
| 2061 | -611 | -169 |
| 2062 | -637 | -178 |
| 2063 | -663 | -187 |
| 2064 | -690 | -196 |
| 2065 | -717 | -206 |
| 2066 | -745 | -216 |
| 2067 | -772 | -226 |
| 2068 | -801 | -237 |
| 2069 | -829 | -248 |
| 2070 | -858 | -259 |
| 2071 | -888 | -271 |
| 2072 | -918 | -283 |
| 2073 | -949 | -295 |
| 2074 | -981 | -308 |
| 2075 | -1014 | -321 |
| 2076 | -1047 | -335 |
| 2077 | -1082 | -349 |
| 2078 | -1117 | -363 |
| 2079 | -1153 | -378 |
| 2080 | -1190 | -392 |
| 2081 | -1227 | -407 |
| 2082 | -1264 | -422 |
| 2083 | -1300 | -436 |
| 2084 | -1337 | -451 |
| 2085 | -1374 | -464 |
| 2086 | -1410 | -477 |
| 2087 | -1446 | -490 |
| 2088 | -1483 | -503 |
| 2089 | -1520 | -515 |
| 2090 | -1557 | -528 |
| 2091 | -1595 | -541 |
| 2092 | -1633 | -555 |
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