Proposed Provision: E1.4. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2030-2049, until the rate reaches 14.4 percent in 2049 and later.

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

Year Current Law Provision
2024188188
2025171171
2026152152
2027134134
2028117117
2029101101
20308484
20316869
20325354
20333741
20342228
2035716
2036-93
2037-26-9
2038-43-22
2039-60-34
2040-78-46
2041-96-58
2042-115-70
2043-135-81
2044-154-92
2045-174-103
2046-194-114
2047-215-124
2048-235-134
2049-256-144
2050-277-153
2051-299-162
2052-320-172
2053-342-181
2054-364-191
2055-386-202
2056-409-212
2057-431-223
2058-455-235
2059-478-247
2060-502-259
2061-527-272
2062-553-285
2063-579-299
2064-605-313
2065-632-328
2066-660-343
2067-688-358
2068-716-374
2069-745-390
2070-774-406
2071-803-423
2072-834-440
2073-864-458
2074-895-476
2075-927-495
2076-960-514
2077-993-533
2078-1027-554
2079-1062-574
2080-1098-595
2081-1134-617
2082-1172-639
2083-1209-661
2084-1248-683
2085-1287-706
2086-1327-729
2087-1368-753
2088-1409-776
2089-1450-800
2090-1491-823
2091-1532-846
2092-1573-869
2093-1612-891
2094-1651-913
2095-1689-934
2096-1727-955
2097-1764-976
2098-1801-996
2099-1838-1017
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