Proposed Provision: Raise payroll tax rates (for employees and employers combined) by 1.6 percentage points in 2021 (to 14.0% combined) and by an additional 1.6 percentage points in 2051 (to 15.6% combined)
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
| | |
2008 | 359 | 359 |
2009 | 369 | 369 |
2010 | 378 | 378 |
2011 | 386 | 386 |
2012 | 392 | 392 |
2013 | 394 | 394 |
2014 | 395 | 395 |
2015 | 393 | 393 |
2016 | 390 | 390 |
2017 | 385 | 385 |
2018 | 378 | 378 |
2019 | 371 | 371 |
2020 | 361 | 362 |
2021 | 351 | 352 |
2022 | 341 | 351 |
2023 | 329 | 350 |
2024 | 316 | 347 |
2025 | 302 | 343 |
2026 | 287 | 339 |
2027 | 272 | 333 |
2028 | 256 | 327 |
2029 | 239 | 320 |
2030 | 221 | 313 |
2031 | 203 | 305 |
2032 | 185 | 296 |
2033 | 166 | 288 |
2034 | 147 | 279 |
2035 | 127 | 271 |
2036 | 108 | 262 |
2037 | 88 | 253 |
2038 | 67 | 245 |
2039 | 47 | 236 |
2040 | 26 | 228 |
2041 | 6 | 219 |
2042 | -15 | 211 |
2043 | -36 | 203 |
2044 | -57 | 195 |
2045 | -78 | 187 |
2046 | -100 | 179 |
2047 | -121 | 171 |
2048 | -143 | 163 |
2049 | -165 | 155 |
2050 | -187 | 147 |
2051 | -209 | 139 |
2052 | -232 | 140 |
2053 | -254 | 141 |
2054 | -277 | 142 |
2055 | -300 | 143 |
2056 | -324 | 144 |
2057 | -347 | 145 |
2058 | -372 | 146 |
2059 | -396 | 146 |
2060 | -421 | 146 |
2061 | -447 | 147 |
2062 | -472 | 147 |
2063 | -498 | 147 |
2064 | -525 | 147 |
2065 | -552 | 146 |
2066 | -579 | 146 |
2067 | -607 | 145 |
2068 | -635 | 144 |
2069 | -664 | 143 |
2070 | -693 | 142 |
2071 | -722 | 141 |
2072 | -752 | 139 |
2073 | -782 | 137 |
2074 | -813 | 135 |
2075 | -845 | 132 |
2076 | -876 | 130 |
2077 | -909 | 127 |
2078 | -942 | 124 |
2079 | -975 | 121 |
2080 | -1009 | 117 |
2081 | -1044 | 113 |
2082 | -1079 | 109 |
2083 | -1114 | 104 |
2084 | -1151 | 100 |
2085 | -1188 | 95 |
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