Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2014, 13.0 percent in 2027, 13.3 in percent in 2042, 14.0 percent in 2062, 14.5 percent in 2072, and 14.7 percent in 2082.
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 | 329 |
2016 | 321 | 325 |
2017 | 314 | 320 |
2018 | 306 | 314 |
2019 | 296 | 305 |
2020 | 284 | 296 |
2021 | 272 | 285 |
2022 | 259 | 274 |
2023 | 245 | 261 |
2024 | 230 | 248 |
2025 | 214 | 235 |
2026 | 198 | 220 |
2027 | 181 | 205 |
2028 | 164 | 191 |
2029 | 145 | 176 |
2030 | 127 | 161 |
2031 | 107 | 145 |
2032 | 87 | 128 |
2033 | 67 | 112 |
2034 | 46 | 95 |
2035 | 25 | 77 |
2036 | 4 | 60 |
2037 | -18 | 42 |
2038 | -40 | 24 |
2039 | -62 | 6 |
2040 | -85 | -12 |
2041 | -108 | -30 |
2042 | -130 | -49 |
2043 | -153 | -66 |
2044 | -176 | -82 |
2045 | -200 | -99 |
2046 | -223 | -116 |
2047 | -247 | -133 |
2048 | -271 | -151 |
2049 | -295 | -168 |
2050 | -319 | -185 |
2051 | -343 | -203 |
2052 | -368 | -220 |
2053 | -393 | -238 |
2054 | -418 | -256 |
2055 | -443 | -274 |
2056 | -468 | -293 |
2057 | -494 | -312 |
2058 | -521 | -331 |
2059 | -548 | -350 |
2060 | -575 | -370 |
2061 | -602 | -390 |
2062 | -630 | -410 |
2063 | -659 | -427 |
2064 | -687 | -444 |
2065 | -716 | -461 |
2066 | -746 | -478 |
2067 | -775 | -496 |
2068 | -805 | -513 |
2069 | -835 | -531 |
2070 | -866 | -550 |
2071 | -897 | -568 |
2072 | -928 | -587 |
2073 | -960 | -603 |
2074 | -992 | -620 |
2075 | -1025 | -637 |
2076 | -1058 | -655 |
2077 | -1092 | -673 |
2078 | -1126 | -691 |
2079 | -1161 | -709 |
2080 | -1196 | -728 |
2081 | -1232 | -747 |
2082 | -1268 | -767 |
2083 | -1305 | -786 |
2084 | -1342 | -805 |
2085 | -1380 | -825 |
2086 | -1419 | -845 |
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