Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2017, 12.9 percent in 2025, 13.3 in percent in 2035, 13.8 percent in 2045, 14.4 percent in 2065, and 14.5 percent in 2080 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 | 264 |
2019 | 248 | 250 |
2020 | 233 | 237 |
2021 | 219 | 223 |
2022 | 203 | 209 |
2023 | 187 | 195 |
2024 | 171 | 179 |
2025 | 154 | 164 |
2026 | 137 | 149 |
2027 | 119 | 134 |
2028 | 101 | 119 |
2029 | 83 | 104 |
2030 | 64 | 87 |
2031 | 44 | 70 |
2032 | 23 | 53 |
2033 | 2 | 34 |
2034 | -20 | 16 |
2035 | -42 | -3 |
2036 | -65 | -21 |
2037 | -88 | -39 |
2038 | -112 | -57 |
2039 | -136 | -75 |
2040 | -160 | -94 |
2041 | -185 | -112 |
2042 | -210 | -131 |
2043 | -235 | -150 |
2044 | -260 | -169 |
2045 | -285 | -188 |
2046 | -310 | -204 |
2047 | -336 | -221 |
2048 | -362 | -238 |
2049 | -388 | -254 |
2050 | -415 | -271 |
2051 | -442 | -288 |
2052 | -468 | -305 |
2053 | -495 | -323 |
2054 | -523 | -340 |
2055 | -550 | -358 |
2056 | -578 | -376 |
2057 | -606 | -394 |
2058 | -635 | -413 |
2059 | -664 | -432 |
2060 | -694 | -452 |
2061 | -725 | -472 |
2062 | -756 | -492 |
2063 | -787 | -513 |
2064 | -819 | -535 |
2065 | -852 | -556 |
2066 | -885 | -575 |
2067 | -918 | -595 |
2068 | -952 | -614 |
2069 | -987 | -635 |
2070 | -1022 | -655 |
2071 | -1057 | -676 |
2072 | -1094 | -698 |
2073 | -1132 | -721 |
2074 | -1171 | -744 |
2075 | -1210 | -767 |
2076 | -1251 | -792 |
2077 | -1293 | -817 |
2078 | -1335 | -842 |
2079 | -1378 | -868 |
2080 | -1421 | -893 |
2081 | -1464 | -919 |
2082 | -1507 | -944 |
2083 | -1550 | -969 |
2084 | -1593 | -995 |
2085 | -1636 | -1020 |
2086 | -1680 | -1046 |
2087 | -1724 | -1072 |
2088 | -1769 | -1099 |
2089 | -1814 | -1126 |
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