Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2020-2043, until the rate reaches 14.8 percent in 2043. Then increase the payroll tax rate an additional 0.1 percentage point in each year from 2082-2086, until the rate reaches 15.3 percent for 2086 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 262 |
| 2020 | 246 | 246 |
| 2021 | 231 | 232 |
| 2022 | 216 | 218 |
| 2023 | 200 | 203 |
| 2024 | 183 | 189 |
| 2025 | 165 | 174 |
| 2026 | 149 | 161 |
| 2027 | 132 | 148 |
| 2028 | 115 | 136 |
| 2029 | 98 | 124 |
| 2030 | 81 | 113 |
| 2031 | 64 | 102 |
| 2032 | 46 | 91 |
| 2033 | 27 | 80 |
| 2034 | 8 | 70 |
| 2035 | -11 | 60 |
| 2036 | -30 | 50 |
| 2037 | -50 | 40 |
| 2038 | -71 | 31 |
| 2039 | -91 | 22 |
| 2040 | -112 | 13 |
| 2041 | -133 | 5 |
| 2042 | -154 | -2 |
| 2043 | -176 | -8 |
| 2044 | -197 | -14 |
| 2045 | -218 | -20 |
| 2046 | -240 | -26 |
| 2047 | -262 | -31 |
| 2048 | -283 | -37 |
| 2049 | -305 | -42 |
| 2050 | -327 | -48 |
| 2051 | -349 | -53 |
| 2052 | -371 | -58 |
| 2053 | -393 | -64 |
| 2054 | -415 | -69 |
| 2055 | -437 | -75 |
| 2056 | -460 | -81 |
| 2057 | -482 | -87 |
| 2058 | -506 | -93 |
| 2059 | -529 | -100 |
| 2060 | -553 | -107 |
| 2061 | -578 | -115 |
| 2062 | -603 | -122 |
| 2063 | -628 | -130 |
| 2064 | -654 | -139 |
| 2065 | -680 | -147 |
| 2066 | -706 | -156 |
| 2067 | -733 | -165 |
| 2068 | -760 | -175 |
| 2069 | -788 | -184 |
| 2070 | -816 | -195 |
| 2071 | -845 | -205 |
| 2072 | -874 | -216 |
| 2073 | -905 | -227 |
| 2074 | -935 | -239 |
| 2075 | -967 | -250 |
| 2076 | -1000 | -263 |
| 2077 | -1033 | -275 |
| 2078 | -1068 | -288 |
| 2079 | -1102 | -301 |
| 2080 | -1138 | -314 |
| 2081 | -1173 | -327 |
| 2082 | -1208 | -340 |
| 2083 | -1243 | -353 |
| 2084 | -1279 | -365 |
| 2085 | -1314 | -377 |
| 2086 | -1349 | -388 |
| 2087 | -1384 | -399 |
| 2088 | -1419 | -410 |
| 2089 | -1455 | -421 |
| 2090 | -1491 | -433 |
| 2091 | -1528 | -445 |
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