Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2017-2036, until the rate reaches 14.4 percent in 2036 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 | 341 |
| 2014 | 334 | 334 |
| 2015 | 328 | 328 |
| 2016 | 321 | 321 |
| 2017 | 314 | 314 |
| 2018 | 306 | 306 |
| 2019 | 296 | 298 |
| 2020 | 284 | 288 |
| 2021 | 272 | 278 |
| 2022 | 259 | 268 |
| 2023 | 245 | 258 |
| 2024 | 230 | 247 |
| 2025 | 214 | 236 |
| 2026 | 198 | 225 |
| 2027 | 181 | 214 |
| 2028 | 164 | 203 |
| 2029 | 145 | 191 |
| 2030 | 127 | 180 |
| 2031 | 107 | 169 |
| 2032 | 87 | 157 |
| 2033 | 67 | 146 |
| 2034 | 46 | 136 |
| 2035 | 25 | 125 |
| 2036 | 4 | 115 |
| 2037 | -18 | 106 |
| 2038 | -40 | 96 |
| 2039 | -62 | 87 |
| 2040 | -85 | 78 |
| 2041 | -108 | 68 |
| 2042 | -130 | 59 |
| 2043 | -153 | 50 |
| 2044 | -176 | 41 |
| 2045 | -200 | 32 |
| 2046 | -223 | 23 |
| 2047 | -247 | 14 |
| 2048 | -271 | 5 |
| 2049 | -295 | -4 |
| 2050 | -319 | -13 |
| 2051 | -343 | -22 |
| 2052 | -368 | -31 |
| 2053 | -393 | -40 |
| 2054 | -418 | -49 |
| 2055 | -443 | -59 |
| 2056 | -468 | -68 |
| 2057 | -494 | -78 |
| 2058 | -521 | -88 |
| 2059 | -548 | -99 |
| 2060 | -575 | -109 |
| 2061 | -602 | -120 |
| 2062 | -630 | -130 |
| 2063 | -659 | -141 |
| 2064 | -687 | -152 |
| 2065 | -716 | -164 |
| 2066 | -746 | -175 |
| 2067 | -775 | -187 |
| 2068 | -805 | -199 |
| 2069 | -835 | -211 |
| 2070 | -866 | -223 |
| 2071 | -897 | -236 |
| 2072 | -928 | -248 |
| 2073 | -960 | -262 |
| 2074 | -992 | -275 |
| 2075 | -1025 | -289 |
| 2076 | -1058 | -303 |
| 2077 | -1092 | -317 |
| 2078 | -1126 | -332 |
| 2079 | -1161 | -347 |
| 2080 | -1196 | -362 |
| 2081 | -1232 | -378 |
| 2082 | -1268 | -394 |
| 2083 | -1305 | -410 |
| 2084 | -1342 | -427 |
| 2085 | -1380 | -444 |
| 2086 | -1419 | -461 |
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