Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.3 percent in 2013 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2012 | 340 | 340 |
2013 | 329 | 329 |
2014 | 315 | 333 |
2015 | 302 | 338 |
2016 | 290 | 344 |
2017 | 277 | 350 |
2018 | 265 | 355 |
2019 | 253 | 360 |
2020 | 240 | 363 |
2021 | 227 | 366 |
2022 | 212 | 367 |
2023 | 197 | 367 |
2024 | 181 | 366 |
2025 | 164 | 365 |
2026 | 147 | 364 |
2027 | 129 | 362 |
2028 | 110 | 359 |
2029 | 90 | 356 |
2030 | 70 | 353 |
2031 | 49 | 349 |
2032 | 27 | 345 |
2033 | 5 | 341 |
2034 | -18 | 337 |
2035 | -41 | 333 |
2036 | -65 | 329 |
2037 | -89 | 325 |
2038 | -114 | 322 |
2039 | -138 | 318 |
2040 | -163 | 316 |
2041 | -189 | 313 |
2042 | -215 | 310 |
2043 | -240 | 308 |
2044 | -266 | 306 |
2045 | -292 | 304 |
2046 | -319 | 302 |
2047 | -346 | 300 |
2048 | -373 | 299 |
2049 | -400 | 297 |
2050 | -428 | 296 |
2051 | -456 | 294 |
2052 | -484 | 293 |
2053 | -512 | 291 |
2054 | -540 | 289 |
2055 | -569 | 287 |
2056 | -598 | 285 |
2057 | -628 | 283 |
2058 | -657 | 281 |
2059 | -688 | 279 |
2060 | -719 | 277 |
2061 | -750 | 275 |
2062 | -782 | 272 |
2063 | -814 | 270 |
2064 | -847 | 268 |
2065 | -880 | 265 |
2066 | -913 | 262 |
2067 | -946 | 260 |
2068 | -980 | 256 |
2069 | -1014 | 253 |
2070 | -1049 | 250 |
2071 | -1084 | 246 |
2072 | -1120 | 242 |
2073 | -1156 | 238 |
2074 | -1193 | 234 |
2075 | -1230 | 230 |
2076 | -1268 | 226 |
2077 | -1307 | 221 |
2078 | -1346 | 216 |
2079 | -1385 | 211 |
2080 | -1425 | 206 |
2081 | -1465 | 200 |
2082 | -1505 | 194 |
2083 | -1547 | 188 |
2084 | -1588 | 182 |
2085 | -1631 | 176 |
2086 | -1673 | 169 |
2087 | -1717 | 162 |
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