Proposed Provision: E1.8. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2025-2030, until the rate reaches 13.0 percent for 2030 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 194 |
| 2025 | 177 | 177 |
| 2026 | 160 | 160 |
| 2027 | 143 | 144 |
| 2028 | 126 | 129 |
| 2029 | 109 | 114 |
| 2030 | 91 | 100 |
| 2031 | 74 | 86 |
| 2032 | 57 | 72 |
| 2033 | 39 | 58 |
| 2034 | 21 | 43 |
| 2035 | 3 | 29 |
| 2036 | -16 | 13 |
| 2037 | -35 | -2 |
| 2038 | -54 | -18 |
| 2039 | -74 | -35 |
| 2040 | -95 | -51 |
| 2041 | -116 | -69 |
| 2042 | -137 | -86 |
| 2043 | -158 | -103 |
| 2044 | -180 | -121 |
| 2045 | -202 | -139 |
| 2046 | -224 | -157 |
| 2047 | -246 | -175 |
| 2048 | -268 | -194 |
| 2049 | -291 | -212 |
| 2050 | -313 | -231 |
| 2051 | -336 | -250 |
| 2052 | -359 | -269 |
| 2053 | -383 | -288 |
| 2054 | -406 | -308 |
| 2055 | -430 | -328 |
| 2056 | -453 | -347 |
| 2057 | -477 | -367 |
| 2058 | -501 | -387 |
| 2059 | -525 | -408 |
| 2060 | -550 | -429 |
| 2061 | -575 | -450 |
| 2062 | -601 | -472 |
| 2063 | -627 | -494 |
| 2064 | -654 | -517 |
| 2065 | -681 | -540 |
| 2066 | -708 | -563 |
| 2067 | -736 | -587 |
| 2068 | -764 | -611 |
| 2069 | -792 | -635 |
| 2070 | -821 | -660 |
| 2071 | -850 | -685 |
| 2072 | -880 | -711 |
| 2073 | -910 | -736 |
| 2074 | -940 | -763 |
| 2075 | -971 | -789 |
| 2076 | -1003 | -817 |
| 2077 | -1036 | -845 |
| 2078 | -1069 | -874 |
| 2079 | -1104 | -904 |
| 2080 | -1139 | -934 |
| 2081 | -1175 | -965 |
| 2082 | -1212 | -997 |
| 2083 | -1249 | -1028 |
| 2084 | -1286 | -1061 |
| 2085 | -1324 | -1093 |
| 2086 | -1363 | -1127 |
| 2087 | -1402 | -1160 |
| 2088 | -1442 | -1194 |
| 2089 | -1481 | -1227 |
| 2090 | -1520 | -1260 |
| 2091 | -1558 | -1292 |
| 2092 | -1595 | -1324 |
| 2093 | -1632 | -1355 |
| 2094 | -1668 | -1386 |
| 2095 | -1703 | -1416 |
| 2096 | -1738 | -1446 |
| 2097 | -1773 | -1475 |
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