Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2026-2049, until the rate reaches 14.8 percent in 2049 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 194 |
| 2025 | 177 | 177 |
| 2026 | 160 | 160 |
| 2027 | 143 | 143 |
| 2028 | 126 | 127 |
| 2029 | 109 | 112 |
| 2030 | 91 | 97 |
| 2031 | 74 | 83 |
| 2032 | 57 | 69 |
| 2033 | 39 | 55 |
| 2034 | 21 | 42 |
| 2035 | 3 | 29 |
| 2036 | -16 | 16 |
| 2037 | -35 | 3 |
| 2038 | -54 | -10 |
| 2039 | -74 | -22 |
| 2040 | -95 | -34 |
| 2041 | -116 | -46 |
| 2042 | -137 | -58 |
| 2043 | -158 | -69 |
| 2044 | -180 | -80 |
| 2045 | -202 | -90 |
| 2046 | -224 | -100 |
| 2047 | -246 | -109 |
| 2048 | -268 | -118 |
| 2049 | -291 | -127 |
| 2050 | -313 | -135 |
| 2051 | -336 | -144 |
| 2052 | -359 | -152 |
| 2053 | -383 | -161 |
| 2054 | -406 | -169 |
| 2055 | -430 | -178 |
| 2056 | -453 | -188 |
| 2057 | -477 | -197 |
| 2058 | -501 | -206 |
| 2059 | -525 | -216 |
| 2060 | -550 | -227 |
| 2061 | -575 | -237 |
| 2062 | -601 | -248 |
| 2063 | -627 | -259 |
| 2064 | -654 | -271 |
| 2065 | -681 | -283 |
| 2066 | -708 | -295 |
| 2067 | -736 | -308 |
| 2068 | -764 | -321 |
| 2069 | -792 | -334 |
| 2070 | -821 | -347 |
| 2071 | -850 | -361 |
| 2072 | -880 | -375 |
| 2073 | -910 | -389 |
| 2074 | -940 | -404 |
| 2075 | -971 | -419 |
| 2076 | -1003 | -435 |
| 2077 | -1036 | -451 |
| 2078 | -1069 | -467 |
| 2079 | -1104 | -484 |
| 2080 | -1139 | -501 |
| 2081 | -1175 | -519 |
| 2082 | -1212 | -537 |
| 2083 | -1249 | -555 |
| 2084 | -1286 | -573 |
| 2085 | -1324 | -591 |
| 2086 | -1363 | -609 |
| 2087 | -1402 | -627 |
| 2088 | -1442 | -646 |
| 2089 | -1481 | -664 |
| 2090 | -1520 | -681 |
| 2091 | -1558 | -698 |
| 2092 | -1595 | -715 |
| 2093 | -1632 | -731 |
| 2094 | -1668 | -747 |
| 2095 | -1703 | -763 |
| 2096 | -1738 | -778 |
| 2097 | -1773 | -793 |
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