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 |
2005 | 320 | 320 |
2006 | 337 | 337 |
2007 | 355 | 355 |
2008 | 370 | 370 |
2009 | 383 | 383 |
2010 | 394 | 394 |
2011 | 404 | 404 |
2012 | 410 | 410 |
2013 | 415 | 415 |
2014 | 417 | 417 |
2015 | 418 | 418 |
2016 | 416 | 416 |
2017 | 412 | 412 |
2018 | 407 | 407 |
2019 | 401 | 401 |
2020 | 393 | 393 |
2021 | 383 | 383 |
2022 | 372 | 385 |
2023 | 360 | 387 |
2024 | 346 | 387 |
2025 | 332 | 386 |
2026 | 316 | 383 |
2027 | 299 | 379 |
2028 | 282 | 374 |
2029 | 264 | 369 |
2030 | 245 | 363 |
2031 | 225 | 357 |
2032 | 205 | 350 |
2033 | 185 | 343 |
2034 | 164 | 336 |
2035 | 143 | 328 |
2036 | 121 | 321 |
2037 | 99 | 313 |
2038 | 77 | 306 |
2039 | 54 | 298 |
2040 | 31 | 290 |
2041 | 7 | 283 |
2042 | -17 | 275 |
2043 | -41 | 267 |
2044 | -66 | 259 |
2045 | -91 | 250 |
2046 | -117 | 242 |
2047 | -143 | 233 |
2048 | -169 | 224 |
2049 | -196 | 215 |
2050 | -223 | 206 |
2051 | -251 | 196 |
2052 | -279 | 197 |
2053 | -308 | 199 |
2054 | -337 | 200 |
2055 | -367 | 201 |
2056 | -397 | 202 |
2057 | -428 | 203 |
2058 | -460 | 203 |
2059 | -492 | 203 |
2060 | -525 | 203 |
2061 | -558 | 202 |
2062 | -592 | 202 |
2063 | -626 | 200 |
2064 | -661 | 199 |
2065 | -697 | 197 |
2066 | -734 | 195 |
2067 | -772 | 193 |
2068 | -810 | 191 |
2069 | -849 | 188 |
2070 | -889 | 185 |
2071 | -930 | 181 |
2072 | -971 | 178 |
2073 | -1014 | 174 |
2074 | -1057 | 170 |
2075 | -1101 | 165 |
2076 | -1146 | 161 |
2077 | -1192 | 156 |
2078 | -1238 | 151 |
2079 | -1286 | 145 |
2080 | -1334 | 140 |
2081 | -1383 | 134 |
2082 | -1433 | 127 |
2083 | -1484 | 121 |
2084 | -1536 | 114 |
2085 | -1589 | 107 |
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