Proposed Provision: Raise payroll tax rates (for employees and employers combined) by 2.1 percentage points in 2020 (to 14.5% combined) and by an additional 2.1 percentage points in 2050 (to 16.6% combined)

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

Year Present Law Provision
2005320320
2006337337
2007355355
2008370370
2009383383
2010394394
2011404404
2012410410
2013415415
2014417417
2015418418
2016416416
2017412412
2018407407
2019401401
2020393393
2021383383
2022372385
2023360387
2024346387
2025332386
2026316383
2027299379
2028282374
2029264369
2030245363
2031225357
2032205350
2033185343
2034164336
2035143328
2036121321
203799313
203877306
203954298
204031290
20417283
2042-17275
2043-41267
2044-66259
2045-91250
2046-117242
2047-143233
2048-169224
2049-196215
2050-223206
2051-251196
2052-279197
2053-308199
2054-337200
2055-367201
2056-397202
2057-428203
2058-460203
2059-492203
2060-525203
2061-558202
2062-592202
2063-626200
2064-661199
2065-697197
2066-734195
2067-772193
2068-810191
2069-849188
2070-889185
2071-930181
2072-971178
2073-1014174
2074-1057170
2075-1101165
2076-1146161
2077-1192156
2078-1238151
2079-1286145
2080-1334140
2081-1383134
2082-1433127
2083-1484121
2084-1536114
2085-1589107
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