Proposed Provision: E1.8. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2027-2032, until the rate reaches 13.0 percent for 2032 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 134 |
| 2028 | 117 | 118 |
| 2029 | 101 | 102 |
| 2030 | 84 | 88 |
| 2031 | 68 | 74 |
| 2032 | 53 | 61 |
| 2033 | 37 | 50 |
| 2034 | 22 | 38 |
| 2035 | 7 | 26 |
| 2036 | -9 | 13 |
| 2037 | -26 | 1 |
| 2038 | -43 | -13 |
| 2039 | -60 | -27 |
| 2040 | -78 | -41 |
| 2041 | -96 | -56 |
| 2042 | -115 | -71 |
| 2043 | -135 | -87 |
| 2044 | -154 | -102 |
| 2045 | -174 | -119 |
| 2046 | -194 | -135 |
| 2047 | -215 | -151 |
| 2048 | -235 | -168 |
| 2049 | -256 | -185 |
| 2050 | -277 | -202 |
| 2051 | -299 | -220 |
| 2052 | -320 | -237 |
| 2053 | -342 | -255 |
| 2054 | -364 | -274 |
| 2055 | -386 | -292 |
| 2056 | -409 | -311 |
| 2057 | -431 | -330 |
| 2058 | -455 | -349 |
| 2059 | -478 | -369 |
| 2060 | -502 | -390 |
| 2061 | -527 | -411 |
| 2062 | -553 | -432 |
| 2063 | -579 | -454 |
| 2064 | -605 | -477 |
| 2065 | -632 | -500 |
| 2066 | -660 | -523 |
| 2067 | -688 | -547 |
| 2068 | -716 | -572 |
| 2069 | -745 | -596 |
| 2070 | -774 | -621 |
| 2071 | -803 | -647 |
| 2072 | -834 | -673 |
| 2073 | -864 | -699 |
| 2074 | -895 | -726 |
| 2075 | -927 | -754 |
| 2076 | -960 | -782 |
| 2077 | -993 | -811 |
| 2078 | -1027 | -841 |
| 2079 | -1062 | -871 |
| 2080 | -1098 | -902 |
| 2081 | -1134 | -933 |
| 2082 | -1172 | -966 |
| 2083 | -1209 | -998 |
| 2084 | -1248 | -1032 |
| 2085 | -1287 | -1065 |
| 2086 | -1327 | -1100 |
| 2087 | -1368 | -1135 |
| 2088 | -1409 | -1170 |
| 2089 | -1450 | -1205 |
| 2090 | -1491 | -1241 |
| 2091 | -1532 | -1276 |
| 2092 | -1573 | -1310 |
| 2093 | -1612 | -1344 |
| 2094 | -1651 | -1377 |
| 2095 | -1689 | -1410 |
| 2096 | -1727 | -1442 |
| 2097 | -1764 | -1474 |
| 2098 | -1801 | -1506 |
| 2099 | -1838 | -1537 |
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