Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2025-2048, until the rate reaches 14.8 percent in 2048 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 178 |
| 2026 | 159 | 160 |
| 2027 | 141 | 143 |
| 2028 | 122 | 126 |
| 2029 | 104 | 109 |
| 2030 | 85 | 93 |
| 2031 | 66 | 77 |
| 2032 | 46 | 62 |
| 2033 | 27 | 47 |
| 2034 | 7 | 32 |
| 2035 | -13 | 17 |
| 2036 | -33 | 3 |
| 2037 | -54 | -11 |
| 2038 | -76 | -25 |
| 2039 | -97 | -38 |
| 2040 | -119 | -51 |
| 2041 | -142 | -64 |
| 2042 | -165 | -77 |
| 2043 | -188 | -90 |
| 2044 | -211 | -101 |
| 2045 | -235 | -113 |
| 2046 | -258 | -124 |
| 2047 | -282 | -134 |
| 2048 | -306 | -144 |
| 2049 | -330 | -154 |
| 2050 | -354 | -164 |
| 2051 | -378 | -173 |
| 2052 | -403 | -183 |
| 2053 | -427 | -193 |
| 2054 | -452 | -203 |
| 2055 | -477 | -214 |
| 2056 | -502 | -224 |
| 2057 | -527 | -234 |
| 2058 | -552 | -245 |
| 2059 | -578 | -256 |
| 2060 | -604 | -267 |
| 2061 | -630 | -279 |
| 2062 | -657 | -291 |
| 2063 | -684 | -303 |
| 2064 | -712 | -315 |
| 2065 | -740 | -328 |
| 2066 | -768 | -341 |
| 2067 | -796 | -354 |
| 2068 | -825 | -368 |
| 2069 | -855 | -382 |
| 2070 | -884 | -396 |
| 2071 | -914 | -410 |
| 2072 | -945 | -425 |
| 2073 | -976 | -440 |
| 2074 | -1007 | -456 |
| 2075 | -1039 | -471 |
| 2076 | -1071 | -488 |
| 2077 | -1105 | -505 |
| 2078 | -1139 | -522 |
| 2079 | -1175 | -540 |
| 2080 | -1211 | -558 |
| 2081 | -1248 | -576 |
| 2082 | -1286 | -595 |
| 2083 | -1324 | -614 |
| 2084 | -1363 | -633 |
| 2085 | -1403 | -652 |
| 2086 | -1443 | -671 |
| 2087 | -1483 | -690 |
| 2088 | -1524 | -710 |
| 2089 | -1564 | -729 |
| 2090 | -1604 | -747 |
| 2091 | -1643 | -765 |
| 2092 | -1681 | -782 |
| 2093 | -1718 | -799 |
| 2094 | -1754 | -815 |
| 2095 | -1789 | -831 |
| 2096 | -1825 | -847 |
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