Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2016, 12.9 percent in 2024, 13.1 in percent in 2034, 13.9 percent in 2044, 13.5 percent in 2054, and 13.3 percent in 2064 and later.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271272
2018257260
2019244248
2020231236
2021218224
2022204211
2023189197
2024173183
2025158170
2026142157
2027125143
2028108129
202990114
20307198
20315282
20323165
20331147
2034-1129
2035-3211
2036-55-7
2037-78-25
2038-101-44
2039-124-63
2040-148-82
2041-172-101
2042-196-120
2043-220-140
2044-245-159
2045-269-174
2046-294-189
2047-319-205
2048-345-220
2049-371-236
2050-397-252
2051-423-268
2052-449-284
2053-476-300
2054-502-316
2055-530-335
2056-557-354
2057-585-373
2058-613-393
2059-642-413
2060-671-434
2061-701-455
2062-732-477
2063-763-499
2064-794-522
2065-826-545
2066-859-570
2067-892-595
2068-925-620
2069-959-645
2070-993-671
2071-1028-698
2072-1064-726
2073-1101-754
2074-1139-782
2075-1178-812
2076-1217-842
2077-1258-873
2078-1299-904
2079-1340-935
2080-1382-967
2081-1424-999
2082-1466-1031
2083-1508-1063
2084-1550-1095
2085-1592-1127
2086-1635-1160
2087-1678-1193
2088-1722-1227
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