Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 15.4 percent in 2019 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 274 |
| 2021 | 239 | 276 |
| 2022 | 223 | 277 |
| 2023 | 206 | 277 |
| 2024 | 188 | 276 |
| 2025 | 171 | 275 |
| 2026 | 154 | 273 |
| 2027 | 137 | 271 |
| 2028 | 120 | 269 |
| 2029 | 104 | 268 |
| 2030 | 86 | 266 |
| 2031 | 69 | 265 |
| 2032 | 51 | 264 |
| 2033 | 33 | 263 |
| 2034 | 14 | 262 |
| 2035 | -5 | 261 |
| 2036 | -25 | 260 |
| 2037 | -46 | 259 |
| 2038 | -67 | 257 |
| 2039 | -88 | 256 |
| 2040 | -110 | 255 |
| 2041 | -132 | 254 |
| 2042 | -154 | 253 |
| 2043 | -176 | 253 |
| 2044 | -199 | 252 |
| 2045 | -221 | 252 |
| 2046 | -244 | 252 |
| 2047 | -267 | 253 |
| 2048 | -289 | 253 |
| 2049 | -312 | 253 |
| 2050 | -335 | 254 |
| 2051 | -358 | 254 |
| 2052 | -381 | 255 |
| 2053 | -403 | 255 |
| 2054 | -426 | 255 |
| 2055 | -450 | 255 |
| 2056 | -473 | 255 |
| 2057 | -496 | 255 |
| 2058 | -520 | 254 |
| 2059 | -544 | 253 |
| 2060 | -569 | 252 |
| 2061 | -594 | 251 |
| 2062 | -619 | 249 |
| 2063 | -645 | 247 |
| 2064 | -671 | 245 |
| 2065 | -698 | 243 |
| 2066 | -725 | 240 |
| 2067 | -752 | 237 |
| 2068 | -780 | 234 |
| 2069 | -808 | 230 |
| 2070 | -837 | 226 |
| 2071 | -866 | 222 |
| 2072 | -896 | 218 |
| 2073 | -927 | 213 |
| 2074 | -958 | 208 |
| 2075 | -990 | 203 |
| 2076 | -1023 | 198 |
| 2077 | -1057 | 193 |
| 2078 | -1092 | 187 |
| 2079 | -1128 | 182 |
| 2080 | -1165 | 177 |
| 2081 | -1202 | 172 |
| 2082 | -1240 | 167 |
| 2083 | -1278 | 162 |
| 2084 | -1316 | 157 |
| 2085 | -1354 | 152 |
| 2086 | -1392 | 147 |
| 2087 | -1430 | 141 |
| 2088 | -1468 | 136 |
| 2089 | -1505 | 130 |
| 2090 | -1543 | 125 |
| 2091 | -1580 | 119 |
| 2092 | -1618 | 113 |
| 2093 | -1655 | 106 |
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