Proposed Provision: Raise the payroll tax rates gradually (for employees and employers combined) by 0.1 percentage points in 2016; continue this increase each year for 20 years. By 2035, the combined employee and employer payroll tax rate would be 14.4 percent.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317319
2019309313
2020299306
2021289298
2022277291
2023264282
2024251273
2025237264
2026221255
2027205246
2028189236
2029171226
2030154217
2031136208
2032117199
203398190
203479181
203559174
203639166
203719159
2038-1151
2039-21144
2040-42137
2041-63131
2042-84124
2043-105117
2044-126111
2045-147105
2046-16899
2047-18992
2048-21186
2049-23380
2050-25574
2051-27768
2052-29962
2053-32156
2054-34450
2055-36643
2056-38937
2057-41230
2058-43623
2059-46016
2060-4858
2061-5091
2062-534-7
2063-560-15
2064-586-23
2065-612-31
2066-638-40
2067-665-49
2068-692-58
2069-720-67
2070-748-77
2071-776-87
2072-805-97
2073-834-107
2074-864-118
2075-894-129
2076-925-141
2077-957-153
2078-989-165
2079-1021-177
2080-1054-190
2081-1087-203
2082-1121-217
2083-1156-231
2084-1191-245
2085-1227-260
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