Proposed Provision: E1.10. Increase the payroll tax rate by 0.1 percentage point per year for 2025 through 2034 so that it equals 13.4 percent for 2034 and later. The increase would be split evenly between the employer and employee share, and would be split between OASI and DI in proportion to currently scheduled payroll tax rates.

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

Year Current Law Provision
2023204204
2024187187
2025168168
2026149150
2027131133
2028114117
202996102
20307887
20316072
20324358
20332545
2034732
2035-1219
2036-315
2037-51-8
2038-70-22
2039-91-37
2040-112-52
2041-133-67
2042-154-82
2043-176-98
2044-198-113
2045-220-129
2046-243-145
2047-265-161
2048-288-177
2049-311-194
2050-333-210
2051-357-227
2052-380-244
2053-403-261
2054-427-278
2055-450-295
2056-474-313
2057-498-330
2058-522-349
2059-547-367
2060-572-386
2061-597-405
2062-623-425
2063-650-446
2064-677-466
2065-705-488
2066-733-509
2067-762-531
2068-791-554
2069-820-577
2070-850-600
2071-880-623
2072-911-647
2073-942-672
2074-974-696
2075-1006-722
2076-1039-748
2077-1074-774
2078-1108-802
2079-1144-830
2080-1181-858
2081-1218-887
2082-1256-917
2083-1294-947
2084-1333-977
2085-1373-1007
2086-1413-1038
2087-1453-1069
2088-1494-1100
2089-1534-1131
2090-1574-1161
2091-1613-1191
2092-1651-1220
2093-1689-1249
2094-1726-1277
2095-1762-1305
2096-1798-1332
2097-1833-1359
2098-1868-1385
back