Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2017, 13.0 percent in 2030, 13.3 in percent in 2045, 14.0 percent in 2065, 14.5 percent in 2075, and 14.7 percent in 2085 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 292 |
2017 | 277 | 277 |
2018 | 262 | 264 |
2019 | 248 | 252 |
2020 | 233 | 239 |
2021 | 219 | 226 |
2022 | 203 | 213 |
2023 | 187 | 198 |
2024 | 171 | 184 |
2025 | 154 | 168 |
2026 | 137 | 153 |
2027 | 119 | 137 |
2028 | 101 | 120 |
2029 | 83 | 104 |
2030 | 64 | 86 |
2031 | 44 | 70 |
2032 | 23 | 53 |
2033 | 2 | 35 |
2034 | -20 | 17 |
2035 | -42 | -2 |
2036 | -65 | -21 |
2037 | -88 | -40 |
2038 | -112 | -60 |
2039 | -136 | -80 |
2040 | -160 | -100 |
2041 | -185 | -121 |
2042 | -210 | -141 |
2043 | -235 | -162 |
2044 | -260 | -183 |
2045 | -285 | -203 |
2046 | -310 | -223 |
2047 | -336 | -242 |
2048 | -362 | -262 |
2049 | -388 | -282 |
2050 | -415 | -302 |
2051 | -442 | -322 |
2052 | -468 | -343 |
2053 | -495 | -363 |
2054 | -523 | -384 |
2055 | -550 | -405 |
2056 | -578 | -426 |
2057 | -606 | -448 |
2058 | -635 | -470 |
2059 | -664 | -492 |
2060 | -694 | -515 |
2061 | -725 | -539 |
2062 | -756 | -563 |
2063 | -787 | -587 |
2064 | -819 | -612 |
2065 | -852 | -637 |
2066 | -885 | -660 |
2067 | -918 | -682 |
2068 | -952 | -705 |
2069 | -987 | -728 |
2070 | -1022 | -752 |
2071 | -1057 | -776 |
2072 | -1094 | -801 |
2073 | -1132 | -827 |
2074 | -1171 | -853 |
2075 | -1210 | -881 |
2076 | -1251 | -906 |
2077 | -1293 | -932 |
2078 | -1335 | -958 |
2079 | -1378 | -985 |
2080 | -1421 | -1012 |
2081 | -1464 | -1039 |
2082 | -1507 | -1065 |
2083 | -1550 | -1092 |
2084 | -1593 | -1119 |
2085 | -1636 | -1146 |
2086 | -1680 | -1172 |
2087 | -1724 | -1199 |
2088 | -1769 | -1225 |
2089 | -1814 | -1253 |
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