Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2016-2021, until the rate reaches 13.0 percent for 2021 and later.

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

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271272
2018257259
2019244248
2020231237
2021218227
2022204216
2023189205
2024173193
2025158181
2026142168
2027125155
2028108142
202990127
203071112
20315296
20323180
20331163
2034-1145
2035-3227
2036-559
2037-78-10
2038-101-29
2039-124-48
2040-148-67
2041-172-87
2042-196-106
2043-220-126
2044-245-146
2045-269-166
2046-294-186
2047-319-206
2048-345-227
2049-371-248
2050-397-269
2051-423-290
2052-449-311
2053-476-332
2054-502-354
2055-530-376
2056-557-398
2057-585-421
2058-613-444
2059-642-468
2060-671-492
2061-701-517
2062-732-542
2063-763-567
2064-794-593
2065-826-620
2066-859-646
2067-892-674
2068-925-701
2069-959-729
2070-993-758
2071-1028-787
2072-1064-817
2073-1101-848
2074-1139-879
2075-1178-912
2076-1217-945
2077-1258-978
2078-1299-1013
2079-1340-1047
2080-1382-1082
2081-1424-1117
2082-1466-1152
2083-1508-1187
2084-1550-1222
2085-1592-1257
2086-1635-1293
2087-1678-1329
2088-1722-1366
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