Proposed Provision: Beginning in 2009, reduce the combined OASDI payroll tax rate from 12.4 percent to 11.4 percent.

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

Year Present Law Provision
2008359359
2009369369
2010378370
2011386370
2012392367
2013394362
2014395355
2015393346
2016390336
2017385324
2018378311
2019371297
2020361281
2021351265
2022341248
2023329230
2024316211
2025302191
2026287170
2027272148
2028256125
2029239102
203022178
203120353
203218528
20331662
2034147-25
2035127-52
2036108-80
203788-108
203867-137
203947-166
204026-195
20416-225
2042-15-255
2043-36-286
2044-57-317
2045-78-348
2046-100-379
2047-121-411
2048-143-442
2049-165-475
2050-187-507
2051-209-539
2052-232-572
2053-254-605
2054-277-638
2055-300-672
2056-324-706
2057-347-740
2058-372-775
2059-396-810
2060-421-846
2061-447-882
2062-472-919
2063-498-956
2064-525-994
2065-552-1032
2066-579-1071
2067-607-1110
2068-635-1150
2069-664-1190
2070-693-1231
2071-722-1272
2072-752-1314
2073-782-1356
2074-813-1399
2075-845-1443
2076-876-1487
2077-909-1532
2078-942-1578
2079-975-1624
2080-1009-1671
2081-1044-1718
2082-1079-1766
2083-1114-1815
2084-1151-1865
2085-1188-1916
back