Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2020-2039, until the rate reaches 14.4 percent in 2039 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 | 205 |
| 2023 | 187 | 191 |
| 2024 | 171 | 177 |
| 2025 | 154 | 163 |
| 2026 | 137 | 149 |
| 2027 | 119 | 136 |
| 2028 | 101 | 122 |
| 2029 | 83 | 109 |
| 2030 | 64 | 95 |
| 2031 | 44 | 82 |
| 2032 | 23 | 68 |
| 2033 | 2 | 54 |
| 2034 | -20 | 41 |
| 2035 | -42 | 27 |
| 2036 | -65 | 14 |
| 2037 | -88 | 1 |
| 2038 | -112 | -12 |
| 2039 | -136 | -24 |
| 2040 | -160 | -36 |
| 2041 | -185 | -48 |
| 2042 | -210 | -60 |
| 2043 | -235 | -72 |
| 2044 | -260 | -83 |
| 2045 | -285 | -95 |
| 2046 | -310 | -107 |
| 2047 | -336 | -119 |
| 2048 | -362 | -131 |
| 2049 | -388 | -143 |
| 2050 | -415 | -155 |
| 2051 | -442 | -167 |
| 2052 | -468 | -179 |
| 2053 | -495 | -192 |
| 2054 | -523 | -204 |
| 2055 | -550 | -217 |
| 2056 | -578 | -230 |
| 2057 | -606 | -244 |
| 2058 | -635 | -257 |
| 2059 | -664 | -272 |
| 2060 | -694 | -286 |
| 2061 | -725 | -301 |
| 2062 | -756 | -316 |
| 2063 | -787 | -332 |
| 2064 | -819 | -348 |
| 2065 | -852 | -365 |
| 2066 | -885 | -382 |
| 2067 | -918 | -399 |
| 2068 | -952 | -416 |
| 2069 | -987 | -434 |
| 2070 | -1022 | -452 |
| 2071 | -1057 | -471 |
| 2072 | -1094 | -491 |
| 2073 | -1132 | -511 |
| 2074 | -1171 | -531 |
| 2075 | -1210 | -552 |
| 2076 | -1251 | -574 |
| 2077 | -1293 | -596 |
| 2078 | -1335 | -618 |
| 2079 | -1378 | -641 |
| 2080 | -1421 | -663 |
| 2081 | -1464 | -686 |
| 2082 | -1507 | -709 |
| 2083 | -1550 | -732 |
| 2084 | -1593 | -755 |
| 2085 | -1636 | -778 |
| 2086 | -1680 | -802 |
| 2087 | -1724 | -826 |
| 2088 | -1769 | -850 |
| 2089 | -1814 | -875 |
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