Proposed Provision: E1.4. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2026-2045, until the rate reaches 14.4 percent in 2045 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 183 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 132 |
| 2029 | 112 | 115 |
| 2030 | 94 | 100 |
| 2031 | 76 | 84 |
| 2032 | 58 | 69 |
| 2033 | 39 | 55 |
| 2034 | 20 | 41 |
| 2035 | 1 | 27 |
| 2036 | -19 | 13 |
| 2037 | -38 | -1 |
| 2038 | -59 | -14 |
| 2039 | -80 | -27 |
| 2040 | -101 | -40 |
| 2041 | -122 | -53 |
| 2042 | -144 | -65 |
| 2043 | -166 | -77 |
| 2044 | -188 | -88 |
| 2045 | -210 | -99 |
| 2046 | -232 | -109 |
| 2047 | -255 | -119 |
| 2048 | -277 | -129 |
| 2049 | -299 | -139 |
| 2050 | -322 | -149 |
| 2051 | -344 | -159 |
| 2052 | -367 | -169 |
| 2053 | -389 | -179 |
| 2054 | -412 | -189 |
| 2055 | -434 | -200 |
| 2056 | -457 | -210 |
| 2057 | -480 | -221 |
| 2058 | -504 | -232 |
| 2059 | -527 | -243 |
| 2060 | -551 | -254 |
| 2061 | -575 | -266 |
| 2062 | -599 | -278 |
| 2063 | -624 | -290 |
| 2064 | -650 | -303 |
| 2065 | -676 | -316 |
| 2066 | -702 | -330 |
| 2067 | -728 | -344 |
| 2068 | -755 | -358 |
| 2069 | -782 | -372 |
| 2070 | -809 | -387 |
| 2071 | -837 | -403 |
| 2072 | -866 | -418 |
| 2073 | -895 | -435 |
| 2074 | -925 | -451 |
| 2075 | -955 | -468 |
| 2076 | -986 | -486 |
| 2077 | -1018 | -503 |
| 2078 | -1051 | -522 |
| 2079 | -1084 | -541 |
| 2080 | -1119 | -560 |
| 2081 | -1154 | -580 |
| 2082 | -1190 | -600 |
| 2083 | -1226 | -620 |
| 2084 | -1263 | -640 |
| 2085 | -1300 | -661 |
| 2086 | -1337 | -681 |
| 2087 | -1374 | -701 |
| 2088 | -1411 | -722 |
| 2089 | -1448 | -741 |
| 2090 | -1484 | -761 |
| 2091 | -1520 | -780 |
| 2092 | -1554 | -799 |
| 2093 | -1589 | -818 |
| 2094 | -1623 | -836 |
| 2095 | -1657 | -855 |
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