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
2011353353
2012347347
2013341334
2014334320
2015328307
2016321294
2017314280
2018306266
2019296250
2020284233
2021272214
2022259196
2023245176
2024230156
2025214135
2026198113
202718190
202816466
202914542
203012717
2031107-9
203287-35
203367-62
203446-89
203525-117
20364-146
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