Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2018-2023, until the rate reaches 13.0 percent for 2023 and later.

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

Year Present Law Provision
2015308308
2016298298
2017280280
2018264264
2019248249
2020233235
2021219222
2022204210
2023189198
2024173186
2025157174
2026142162
2027126149
2028110137
202994124
203077111
20316097
20324283
20332368
2034452
2035-1636
2036-3620
2037-573
2038-78-14
2039-100-31
2040-122-49
2041-144-67
2042-166-85
2043-189-102
2044-211-121
2045-234-139
2046-257-157
2047-280-175
2048-303-194
2049-327-213
2050-351-232
2051-375-250
2052-398-270
2053-423-289
2054-447-308
2055-472-328
2056-496-348
2057-522-369
2058-548-389
2059-574-411
2060-601-433
2061-629-455
2062-657-478
2063-685-501
2064-714-525
2065-744-549
2066-774-574
2067-804-599
2068-835-624
2069-867-651
2070-899-677
2071-932-704
2072-965-732
2073-1000-761
2074-1035-790
2075-1072-821
2076-1110-852
2077-1148-884
2078-1188-917
2079-1228-950
2080-1268-983
2081-1309-1017
2082-1350-1051
2083-1391-1085
2084-1432-1119
2085-1472-1153
2086-1514-1187
2087-1555-1222
2088-1597-1257
2089-1640-1292
2090-1683-1329
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