Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2015-2020, until the rate reaches 13.0 percent for 2020 and later.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290290
2017277279
2018265269
2019253260
2020240250
2021227240
2022212229
2023197217
2024181204
2025164191
2026147177
2027129162
2028110147
202990131
203070114
20314996
20322778
2033559
2034-1840
2035-4121
2036-651
2037-89-19
2038-114-39
2039-138-60
2040-163-80
2041-189-101
2042-215-122
2043-240-144
2044-266-165
2045-292-186
2046-319-208
2047-346-230
2048-373-252
2049-400-274
2050-428-297
2051-456-319
2052-484-342
2053-512-365
2054-540-388
2055-569-411
2056-598-435
2057-628-459
2058-657-484
2059-688-509
2060-719-534
2061-750-560
2062-782-585
2063-814-612
2064-847-638
2065-880-665
2066-913-692
2067-946-720
2068-980-747
2069-1014-775
2070-1049-804
2071-1084-833
2072-1120-862
2073-1156-892
2074-1193-922
2075-1230-953
2076-1268-984
2077-1307-1016
2078-1346-1048
2079-1385-1081
2080-1425-1114
2081-1465-1147
2082-1505-1181
2083-1547-1215
2084-1588-1249
2085-1631-1284
2086-1673-1320
2087-1717-1356
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