Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 15.4 percent in 2018 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 | 292 |
| 2020 | 259 | 297 |
| 2021 | 245 | 301 |
| 2022 | 230 | 304 |
| 2023 | 215 | 306 |
| 2024 | 199 | 306 |
| 2025 | 182 | 305 |
| 2026 | 165 | 303 |
| 2027 | 148 | 300 |
| 2028 | 130 | 298 |
| 2029 | 112 | 295 |
| 2030 | 94 | 293 |
| 2031 | 75 | 291 |
| 2032 | 56 | 289 |
| 2033 | 37 | 287 |
| 2034 | 16 | 284 |
| 2035 | -4 | 282 |
| 2036 | -26 | 279 |
| 2037 | -47 | 276 |
| 2038 | -70 | 274 |
| 2039 | -92 | 272 |
| 2040 | -115 | 270 |
| 2041 | -138 | 268 |
| 2042 | -161 | 267 |
| 2043 | -184 | 266 |
| 2044 | -207 | 266 |
| 2045 | -230 | 265 |
| 2046 | -253 | 265 |
| 2047 | -276 | 265 |
| 2048 | -300 | 265 |
| 2049 | -323 | 265 |
| 2050 | -346 | 265 |
| 2051 | -370 | 266 |
| 2052 | -393 | 266 |
| 2053 | -417 | 266 |
| 2054 | -440 | 266 |
| 2055 | -464 | 266 |
| 2056 | -487 | 265 |
| 2057 | -511 | 265 |
| 2058 | -536 | 264 |
| 2059 | -560 | 263 |
| 2060 | -585 | 261 |
| 2061 | -611 | 260 |
| 2062 | -637 | 258 |
| 2063 | -663 | 256 |
| 2064 | -690 | 254 |
| 2065 | -717 | 251 |
| 2066 | -745 | 248 |
| 2067 | -772 | 245 |
| 2068 | -801 | 242 |
| 2069 | -829 | 238 |
| 2070 | -858 | 234 |
| 2071 | -888 | 230 |
| 2072 | -918 | 225 |
| 2073 | -949 | 221 |
| 2074 | -981 | 216 |
| 2075 | -1014 | 211 |
| 2076 | -1047 | 206 |
| 2077 | -1082 | 202 |
| 2078 | -1117 | 197 |
| 2079 | -1153 | 192 |
| 2080 | -1190 | 187 |
| 2081 | -1227 | 182 |
| 2082 | -1264 | 177 |
| 2083 | -1300 | 172 |
| 2084 | -1337 | 167 |
| 2085 | -1374 | 161 |
| 2086 | -1410 | 156 |
| 2087 | -1446 | 150 |
| 2088 | -1483 | 144 |
| 2089 | -1520 | 137 |
| 2090 | -1557 | 131 |
| 2091 | -1595 | 124 |
| 2092 | -1633 | 116 |
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