Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2017, 12.9 percent in 2025, 13.3 in percent in 2035, 13.8 percent in 2045, 14.4 percent in 2065, and 14.5 percent in 2080 and later.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262264
2019248250
2020233237
2021219223
2022203209
2023187195
2024171179
2025154164
2026137149
2027119134
2028101119
202983104
20306487
20314470
20322353
2033234
2034-2016
2035-42-3
2036-65-21
2037-88-39
2038-112-57
2039-136-75
2040-160-94
2041-185-112
2042-210-131
2043-235-150
2044-260-169
2045-285-188
2046-310-204
2047-336-221
2048-362-238
2049-388-254
2050-415-271
2051-442-288
2052-468-305
2053-495-323
2054-523-340
2055-550-358
2056-578-376
2057-606-394
2058-635-413
2059-664-432
2060-694-452
2061-725-472
2062-756-492
2063-787-513
2064-819-535
2065-852-556
2066-885-575
2067-918-595
2068-952-614
2069-987-635
2070-1022-655
2071-1057-676
2072-1094-698
2073-1132-721
2074-1171-744
2075-1210-767
2076-1251-792
2077-1293-817
2078-1335-842
2079-1378-868
2080-1421-893
2081-1464-919
2082-1507-944
2083-1550-969
2084-1593-995
2085-1636-1020
2086-1680-1046
2087-1724-1072
2088-1769-1099
2089-1814-1126
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