Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2015, 12.9 percent in 2023, 13.3 in percent in 2033, 13.8 percent in 2043, 14.4 percent in 2063, and 14.5 percent in 2078 and later.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290291
2017277280
2018265269
2019253258
2020240247
2021227234
2022212221
2023197207
2024181193
2025164180
2026147165
2027129150
2028110134
202990117
203070100
20314981
20322763
2033543
2034-1825
2035-418
2036-65-11
2037-89-29
2038-114-48
2039-138-67
2040-163-86
2041-189-106
2042-215-125
2043-240-145
2044-266-162
2045-292-179
2046-319-196
2047-346-214
2048-373-231
2049-400-249
2050-428-266
2051-456-284
2052-484-302
2053-512-320
2054-540-338
2055-569-357
2056-598-375
2057-628-394
2058-657-413
2059-688-433
2060-719-453
2061-750-473
2062-782-493
2063-814-514
2064-847-532
2065-880-550
2066-913-568
2067-946-586
2068-980-605
2069-1014-623
2070-1049-642
2071-1084-661
2072-1120-681
2073-1156-701
2074-1193-722
2075-1230-743
2076-1268-764
2077-1307-785
2078-1346-807
2079-1385-829
2080-1425-851
2081-1465-873
2082-1505-895
2083-1547-918
2084-1588-941
2085-1631-965
2086-1673-989
2087-1717-1014
back