Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 14.6 percent in 2024-2053, and to 16.8 percent in years 2054 and later.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284284
2021272272
2022259259
2023245245
2024230230
2025214227
2026198224
2027181219
2028164214
2029145209
2030127202
2031107196
203287188
203367181
203446173
203525166
20364158
2037-18150
2038-40142
2039-62134
2040-85127
2041-108119
2042-130112
2043-153105
2044-17698
2045-20090
2046-22383
2047-24776
2048-27169
2049-29563
2050-31956
2051-34349
2052-36842
2053-39334
2054-41827
2055-44331
2056-46836
2057-49441
2058-52146
2059-54850
2060-57555
2061-60260
2062-63065
2063-65969
2064-68774
2065-71679
2066-74684
2067-77588
2068-80593
2069-83597
2070-866102
2071-897106
2072-928110
2073-960114
2074-992118
2075-1025122
2076-1058126
2077-1092129
2078-1126133
2079-1161136
2080-1196139
2081-1232142
2082-1268144
2083-1305147
2084-1342149
2085-1380152
2086-1419154
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