Proposed Provision: E1.5. Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2020, 12.9 percent in 2028, 13.1 in percent in 2038, 13.9 percent in 2048, 13.5 percent in 2058, and 13.3 percent in 2068 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 246 |
| 2022 | 230 | 233 |
| 2023 | 215 | 219 |
| 2024 | 199 | 204 |
| 2025 | 182 | 188 |
| 2026 | 165 | 172 |
| 2027 | 148 | 156 |
| 2028 | 130 | 139 |
| 2029 | 112 | 124 |
| 2030 | 94 | 109 |
| 2031 | 75 | 93 |
| 2032 | 56 | 77 |
| 2033 | 37 | 60 |
| 2034 | 16 | 43 |
| 2035 | -4 | 25 |
| 2036 | -26 | 6 |
| 2037 | -47 | -12 |
| 2038 | -70 | -31 |
| 2039 | -92 | -50 |
| 2040 | -115 | -68 |
| 2041 | -138 | -86 |
| 2042 | -161 | -105 |
| 2043 | -184 | -123 |
| 2044 | -207 | -142 |
| 2045 | -230 | -160 |
| 2046 | -253 | -178 |
| 2047 | -276 | -197 |
| 2048 | -300 | -215 |
| 2049 | -323 | -229 |
| 2050 | -346 | -243 |
| 2051 | -370 | -257 |
| 2052 | -393 | -271 |
| 2053 | -417 | -284 |
| 2054 | -440 | -298 |
| 2055 | -464 | -312 |
| 2056 | -487 | -326 |
| 2057 | -511 | -340 |
| 2058 | -536 | -354 |
| 2059 | -560 | -371 |
| 2060 | -585 | -389 |
| 2061 | -611 | -406 |
| 2062 | -637 | -424 |
| 2063 | -663 | -443 |
| 2064 | -690 | -462 |
| 2065 | -717 | -481 |
| 2066 | -745 | -500 |
| 2067 | -772 | -520 |
| 2068 | -801 | -540 |
| 2069 | -829 | -562 |
| 2070 | -858 | -584 |
| 2071 | -888 | -606 |
| 2072 | -918 | -629 |
| 2073 | -949 | -653 |
| 2074 | -981 | -677 |
| 2075 | -1014 | -702 |
| 2076 | -1047 | -727 |
| 2077 | -1082 | -753 |
| 2078 | -1117 | -780 |
| 2079 | -1153 | -808 |
| 2080 | -1190 | -835 |
| 2081 | -1227 | -863 |
| 2082 | -1264 | -891 |
| 2083 | -1300 | -919 |
| 2084 | -1337 | -947 |
| 2085 | -1374 | -974 |
| 2086 | -1410 | -1002 |
| 2087 | -1446 | -1030 |
| 2088 | -1483 | -1058 |
| 2089 | -1520 | -1086 |
| 2090 | -1557 | -1115 |
| 2091 | -1595 | -1144 |
| 2092 | -1633 | -1173 |
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