Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 16.1 percent in 2022 and later.

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

Year Current Law Provision
2021253253
2022231231
2023214236
2024196240
2025178244
2026159245
2027141246
2028122246
2029104245
203085244
203166243
203246242
203327242
20347241
2035-13243
2036-33245
2037-54246
2038-76248
2039-97250
2040-119251
2041-142253
2042-165255
2043-188256
2044-211258
2045-235260
2046-258262
2047-282263
2048-306265
2049-330266
2050-354267
2051-378268
2052-403269
2053-427270
2054-452270
2055-477270
2056-502270
2057-527270
2058-552269
2059-578268
2060-604267
2061-630265
2062-657264
2063-684262
2064-712259
2065-740257
2066-768254
2067-796251
2068-825248
2069-855245
2070-884241
2071-914237
2072-945233
2073-976228
2074-1007224
2075-1039219
2076-1071214
2077-1105208
2078-1139203
2079-1175198
2080-1211193
2081-1248188
2082-1286184
2083-1324179
2084-1363175
2085-1403171
2086-1443167
2087-1483163
2088-1524160
2089-1564157
2090-1604154
2091-1643152
2092-1681149
2093-1718147
2094-1754145
2095-1789142
2096-1825140
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