Proposed Provision: Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2015 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 | 286 |
| 2017 | 277 | 264 |
| 2018 | 262 | 243 |
| 2019 | 248 | 223 |
| 2020 | 233 | 202 |
| 2021 | 219 | 182 |
| 2022 | 203 | 161 |
| 2023 | 187 | 140 |
| 2024 | 171 | 118 |
| 2025 | 154 | 96 |
| 2026 | 137 | 73 |
| 2027 | 119 | 50 |
| 2028 | 101 | 26 |
| 2029 | 83 | 2 |
| 2030 | 64 | -23 |
| 2031 | 44 | -49 |
| 2032 | 23 | -76 |
| 2033 | 2 | -104 |
| 2034 | -20 | -132 |
| 2035 | -42 | -161 |
| 2036 | -65 | -190 |
| 2037 | -88 | -221 |
| 2038 | -112 | -251 |
| 2039 | -136 | -283 |
| 2040 | -160 | -315 |
| 2041 | -185 | -347 |
| 2042 | -210 | -380 |
| 2043 | -235 | -412 |
| 2044 | -260 | -446 |
| 2045 | -285 | -479 |
| 2046 | -310 | -512 |
| 2047 | -336 | -547 |
| 2048 | -362 | -581 |
| 2049 | -388 | -616 |
| 2050 | -415 | -651 |
| 2051 | -442 | -687 |
| 2052 | -468 | -722 |
| 2053 | -495 | -758 |
| 2054 | -523 | -794 |
| 2055 | -550 | -830 |
| 2056 | -578 | -866 |
| 2057 | -606 | -903 |
| 2058 | -635 | -941 |
| 2059 | -664 | -979 |
| 2060 | -694 | -1018 |
| 2061 | -725 | -1058 |
| 2062 | -756 | -1098 |
| 2063 | -787 | -1139 |
| 2064 | -819 | -1180 |
| 2065 | -852 | -1222 |
| 2066 | -885 | -1265 |
| 2067 | -918 | -1308 |
| 2068 | -952 | -1351 |
| 2069 | -987 | -1395 |
| 2070 | -1022 | -1440 |
| 2071 | -1057 | -1486 |
| 2072 | -1094 | -1533 |
| 2073 | -1132 | -1582 |
| 2074 | -1171 | -1631 |
| 2075 | -1210 | -1682 |
| 2076 | -1251 | -1734 |
| 2077 | -1293 | -1788 |
| 2078 | -1335 | -1842 |
| 2079 | -1378 | -1897 |
| 2080 | -1421 | -1952 |
| 2081 | -1464 | -2007 |
| 2082 | -1507 | -2062 |
| 2083 | -1550 | -2117 |
| 2084 | -1593 | -2172 |
| 2085 | -1636 | -2227 |
| 2086 | -1680 | -2283 |
| 2087 | -1724 | -2339 |
| 2088 | -1769 | -2395 |
| 2089 | -1814 | -2453 |
back