Proposed Provision: Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2012 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2011 | 353 | 353 |
2012 | 347 | 347 |
2013 | 341 | 334 |
2014 | 334 | 320 |
2015 | 328 | 307 |
2016 | 321 | 294 |
2017 | 314 | 280 |
2018 | 306 | 266 |
2019 | 296 | 250 |
2020 | 284 | 233 |
2021 | 272 | 214 |
2022 | 259 | 196 |
2023 | 245 | 176 |
2024 | 230 | 156 |
2025 | 214 | 135 |
2026 | 198 | 113 |
2027 | 181 | 90 |
2028 | 164 | 66 |
2029 | 145 | 42 |
2030 | 127 | 17 |
2031 | 107 | -9 |
2032 | 87 | -35 |
2033 | 67 | -62 |
2034 | 46 | -89 |
2035 | 25 | -117 |
2036 | 4 | -146 |
2037 | -18 | -175 |
2038 | -40 | -204 |
2039 | -62 | -234 |
2040 | -85 | -265 |
2041 | -108 | -296 |
2042 | -130 | -327 |
2043 | -153 | -358 |
2044 | -176 | -389 |
2045 | -200 | -421 |
2046 | -223 | -454 |
2047 | -247 | -486 |
2048 | -271 | -519 |
2049 | -295 | -552 |
2050 | -319 | -586 |
2051 | -343 | -619 |
2052 | -368 | -653 |
2053 | -393 | -687 |
2054 | -418 | -722 |
2055 | -443 | -756 |
2056 | -468 | -791 |
2057 | -494 | -827 |
2058 | -521 | -863 |
2059 | -548 | -900 |
2060 | -575 | -937 |
2061 | -602 | -975 |
2062 | -630 | -1013 |
2063 | -659 | -1052 |
2064 | -687 | -1091 |
2065 | -716 | -1130 |
2066 | -746 | -1170 |
2067 | -775 | -1210 |
2068 | -805 | -1251 |
2069 | -835 | -1291 |
2070 | -866 | -1333 |
2071 | -897 | -1375 |
2072 | -928 | -1417 |
2073 | -960 | -1460 |
2074 | -992 | -1503 |
2075 | -1025 | -1547 |
2076 | -1058 | -1592 |
2077 | -1092 | -1637 |
2078 | -1126 | -1683 |
2079 | -1161 | -1729 |
2080 | -1196 | -1776 |
2081 | -1232 | -1824 |
2082 | -1268 | -1872 |
2083 | -1305 | -1921 |
2084 | -1342 | -1971 |
2085 | -1380 | -2021 |
2086 | -1419 | -2072 |
back