Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 16.2 percent in 2035-2064, and to 20.0 percent in years 2065 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 | 126 |
| 2029 | 109 | 109 |
| 2030 | 91 | 91 |
| 2031 | 74 | 74 |
| 2032 | 57 | 57 |
| 2033 | 39 | 39 |
| 2034 | 21 | 21 |
| 2035 | 3 | 3 |
| 2036 | -16 | 5 |
| 2037 | -35 | 7 |
| 2038 | -54 | 9 |
| 2039 | -74 | 11 |
| 2040 | -95 | 12 |
| 2041 | -116 | 13 |
| 2042 | -137 | 15 |
| 2043 | -158 | 16 |
| 2044 | -180 | 17 |
| 2045 | -202 | 18 |
| 2046 | -224 | 19 |
| 2047 | -246 | 20 |
| 2048 | -268 | 21 |
| 2049 | -291 | 22 |
| 2050 | -313 | 23 |
| 2051 | -336 | 24 |
| 2052 | -359 | 24 |
| 2053 | -383 | 24 |
| 2054 | -406 | 25 |
| 2055 | -430 | 25 |
| 2056 | -453 | 24 |
| 2057 | -477 | 24 |
| 2058 | -501 | 23 |
| 2059 | -525 | 22 |
| 2060 | -550 | 21 |
| 2061 | -575 | 19 |
| 2062 | -601 | 17 |
| 2063 | -627 | 15 |
| 2064 | -654 | 13 |
| 2065 | -681 | 10 |
| 2066 | -708 | 26 |
| 2067 | -736 | 42 |
| 2068 | -764 | 59 |
| 2069 | -792 | 75 |
| 2070 | -821 | 91 |
| 2071 | -850 | 107 |
| 2072 | -880 | 122 |
| 2073 | -910 | 138 |
| 2074 | -940 | 153 |
| 2075 | -971 | 168 |
| 2076 | -1003 | 184 |
| 2077 | -1036 | 199 |
| 2078 | -1069 | 214 |
| 2079 | -1104 | 230 |
| 2080 | -1139 | 246 |
| 2081 | -1175 | 262 |
| 2082 | -1212 | 279 |
| 2083 | -1249 | 297 |
| 2084 | -1286 | 314 |
| 2085 | -1324 | 333 |
| 2086 | -1363 | 352 |
| 2087 | -1402 | 371 |
| 2088 | -1442 | 392 |
| 2089 | -1481 | 413 |
| 2090 | -1520 | 434 |
| 2091 | -1558 | 456 |
| 2092 | -1595 | 478 |
| 2093 | -1632 | 500 |
| 2094 | -1668 | 522 |
| 2095 | -1703 | 545 |
| 2096 | -1738 | 567 |
| 2097 | -1773 | 590 |
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