Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.5 percent in 2027-2056, and to 18.6 percent in years 2057 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 | 262 |
| 2019 | 248 | 248 |
| 2020 | 233 | 233 |
| 2021 | 219 | 219 |
| 2022 | 203 | 203 |
| 2023 | 187 | 187 |
| 2024 | 171 | 171 |
| 2025 | 154 | 154 |
| 2026 | 137 | 137 |
| 2027 | 119 | 119 |
| 2028 | 101 | 118 |
| 2029 | 83 | 117 |
| 2030 | 64 | 115 |
| 2031 | 44 | 113 |
| 2032 | 23 | 110 |
| 2033 | 2 | 106 |
| 2034 | -20 | 102 |
| 2035 | -42 | 98 |
| 2036 | -65 | 94 |
| 2037 | -88 | 89 |
| 2038 | -112 | 85 |
| 2039 | -136 | 80 |
| 2040 | -160 | 76 |
| 2041 | -185 | 71 |
| 2042 | -210 | 67 |
| 2043 | -235 | 63 |
| 2044 | -260 | 59 |
| 2045 | -285 | 55 |
| 2046 | -310 | 52 |
| 2047 | -336 | 48 |
| 2048 | -362 | 44 |
| 2049 | -388 | 41 |
| 2050 | -415 | 37 |
| 2051 | -442 | 34 |
| 2052 | -468 | 30 |
| 2053 | -495 | 26 |
| 2054 | -523 | 22 |
| 2055 | -550 | 18 |
| 2056 | -578 | 13 |
| 2057 | -606 | 9 |
| 2058 | -635 | 19 |
| 2059 | -664 | 31 |
| 2060 | -694 | 42 |
| 2061 | -725 | 53 |
| 2062 | -756 | 64 |
| 2063 | -787 | 75 |
| 2064 | -819 | 85 |
| 2065 | -852 | 96 |
| 2066 | -885 | 106 |
| 2067 | -918 | 117 |
| 2068 | -952 | 127 |
| 2069 | -987 | 137 |
| 2070 | -1022 | 146 |
| 2071 | -1057 | 156 |
| 2072 | -1094 | 166 |
| 2073 | -1132 | 175 |
| 2074 | -1171 | 185 |
| 2075 | -1210 | 195 |
| 2076 | -1251 | 205 |
| 2077 | -1293 | 215 |
| 2078 | -1335 | 226 |
| 2079 | -1378 | 236 |
| 2080 | -1421 | 247 |
| 2081 | -1464 | 257 |
| 2082 | -1507 | 268 |
| 2083 | -1550 | 278 |
| 2084 | -1593 | 289 |
| 2085 | -1636 | 299 |
| 2086 | -1680 | 309 |
| 2087 | -1724 | 319 |
| 2088 | -1769 | 329 |
| 2089 | -1814 | 339 |
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