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
2014320320
2015306306
2016292292
2017277277
2018262264
2019248252
2020233239
2021219226
2022203213
2023187198
2024171184
2025154168
2026137153
2027119137
2028101120
202983104
20306486
20314470
20322353
2033235
2034-2017
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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