Proposed Provision: E1.4. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2027-2046, until the rate reaches 14.4 percent in 2046 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 178 |
| 2026 | 159 | 159 |
| 2027 | 141 | 141 |
| 2028 | 122 | 123 |
| 2029 | 104 | 105 |
| 2030 | 85 | 88 |
| 2031 | 66 | 71 |
| 2032 | 46 | 55 |
| 2033 | 27 | 39 |
| 2034 | 7 | 23 |
| 2035 | -13 | 7 |
| 2036 | -33 | -8 |
| 2037 | -54 | -24 |
| 2038 | -76 | -39 |
| 2039 | -97 | -53 |
| 2040 | -119 | -68 |
| 2041 | -142 | -82 |
| 2042 | -165 | -96 |
| 2043 | -188 | -110 |
| 2044 | -211 | -123 |
| 2045 | -235 | -136 |
| 2046 | -258 | -148 |
| 2047 | -282 | -160 |
| 2048 | -306 | -172 |
| 2049 | -330 | -184 |
| 2050 | -354 | -196 |
| 2051 | -378 | -208 |
| 2052 | -403 | -220 |
| 2053 | -427 | -233 |
| 2054 | -452 | -245 |
| 2055 | -477 | -258 |
| 2056 | -502 | -271 |
| 2057 | -527 | -284 |
| 2058 | -552 | -297 |
| 2059 | -578 | -310 |
| 2060 | -604 | -324 |
| 2061 | -630 | -338 |
| 2062 | -657 | -352 |
| 2063 | -684 | -367 |
| 2064 | -712 | -382 |
| 2065 | -740 | -397 |
| 2066 | -768 | -413 |
| 2067 | -796 | -428 |
| 2068 | -825 | -445 |
| 2069 | -855 | -461 |
| 2070 | -884 | -478 |
| 2071 | -914 | -495 |
| 2072 | -945 | -512 |
| 2073 | -976 | -530 |
| 2074 | -1007 | -548 |
| 2075 | -1039 | -566 |
| 2076 | -1071 | -585 |
| 2077 | -1105 | -605 |
| 2078 | -1139 | -625 |
| 2079 | -1175 | -646 |
| 2080 | -1211 | -667 |
| 2081 | -1248 | -689 |
| 2082 | -1286 | -710 |
| 2083 | -1324 | -732 |
| 2084 | -1363 | -755 |
| 2085 | -1403 | -777 |
| 2086 | -1443 | -800 |
| 2087 | -1483 | -823 |
| 2088 | -1524 | -846 |
| 2089 | -1564 | -868 |
| 2090 | -1604 | -890 |
| 2091 | -1643 | -911 |
| 2092 | -1681 | -932 |
| 2093 | -1718 | -952 |
| 2094 | -1754 | -972 |
| 2095 | -1789 | -991 |
| 2096 | -1825 | -1010 |
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