Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.3 percent in 2025-2054, and to 18.2 percent in years 2055 and later.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290290
2017277277
2018265265
2019253253
2020240240
2021227227
2022212212
2023197197
2024181181
2025164164
2026147163
2027129161
2028110159
202990155
203070151
203149146
203227140
20335135
2034-18128
2035-41122
2036-65116
2037-89110
2038-114103
2039-13897
2040-16391
2041-18985
2042-21579
2043-24073
2044-26667
2045-29261
2046-31956
2047-34650
2048-37345
2049-40040
2050-42834
2051-45629
2052-48424
2053-51218
2054-54013
2055-5697
2056-59816
2057-62826
2058-65736
2059-68846
2060-71956
2061-75066
2062-78277
2063-81487
2064-84798
2065-880108
2066-913119
2067-946130
2068-980141
2069-1014151
2070-1049162
2071-1084173
2072-1120183
2073-1156194
2074-1193205
2075-1230216
2076-1268226
2077-1307237
2078-1346248
2079-1385259
2080-1425269
2081-1465280
2082-1505290
2083-1547301
2084-1588311
2085-1631321
2086-1673332
2087-1717342
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