Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2016, 13.0 percent in 2029, 13.3 in percent in 2044, 14.0 percent in 2064, 14.5 percent in 2074, and 14.7 percent in 2084 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 301 |
| 2016 | 286 | 286 |
| 2017 | 271 | 273 |
| 2018 | 257 | 261 |
| 2019 | 244 | 250 |
| 2020 | 231 | 238 |
| 2021 | 218 | 227 |
| 2022 | 204 | 215 |
| 2023 | 189 | 202 |
| 2024 | 173 | 188 |
| 2025 | 158 | 174 |
| 2026 | 142 | 159 |
| 2027 | 125 | 145 |
| 2028 | 108 | 129 |
| 2029 | 90 | 113 |
| 2030 | 71 | 98 |
| 2031 | 52 | 82 |
| 2032 | 31 | 65 |
| 2033 | 11 | 48 |
| 2034 | -11 | 30 |
| 2035 | -32 | 12 |
| 2036 | -55 | -6 |
| 2037 | -78 | -25 |
| 2038 | -101 | -44 |
| 2039 | -124 | -64 |
| 2040 | -148 | -83 |
| 2041 | -172 | -103 |
| 2042 | -196 | -123 |
| 2043 | -220 | -143 |
| 2044 | -245 | -163 |
| 2045 | -269 | -181 |
| 2046 | -294 | -200 |
| 2047 | -319 | -219 |
| 2048 | -345 | -238 |
| 2049 | -371 | -257 |
| 2050 | -397 | -277 |
| 2051 | -423 | -296 |
| 2052 | -449 | -316 |
| 2053 | -476 | -336 |
| 2054 | -502 | -356 |
| 2055 | -530 | -376 |
| 2056 | -557 | -397 |
| 2057 | -585 | -418 |
| 2058 | -613 | -439 |
| 2059 | -642 | -461 |
| 2060 | -671 | -484 |
| 2061 | -701 | -506 |
| 2062 | -732 | -530 |
| 2063 | -763 | -554 |
| 2064 | -794 | -578 |
| 2065 | -826 | -599 |
| 2066 | -859 | -620 |
| 2067 | -892 | -641 |
| 2068 | -925 | -663 |
| 2069 | -959 | -686 |
| 2070 | -993 | -708 |
| 2071 | -1028 | -732 |
| 2072 | -1064 | -756 |
| 2073 | -1101 | -781 |
| 2074 | -1139 | -806 |
| 2075 | -1178 | -829 |
| 2076 | -1217 | -853 |
| 2077 | -1258 | -878 |
| 2078 | -1299 | -903 |
| 2079 | -1340 | -928 |
| 2080 | -1382 | -953 |
| 2081 | -1424 | -979 |
| 2082 | -1466 | -1004 |
| 2083 | -1508 | -1029 |
| 2084 | -1550 | -1055 |
| 2085 | -1592 | -1080 |
| 2086 | -1635 | -1105 |
| 2087 | -1678 | -1130 |
| 2088 | -1722 | -1155 |
back