Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.3 percent in 2016 and later.

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

Year Present Law Provision
2015308308
2016298298
2017280298
2018264300
2019248302
2020233304
2021219306
2022204308
2023189308
2024173308
2025157308
2026142308
2027126309
2028110309
202994309
203077310
203160311
203242310
203323310
20344310
2035-16309
2036-36308
2037-57307
2038-78306
2039-100306
2040-122305
2041-144305
2042-166305
2043-189305
2044-211306
2045-234306
2046-257307
2047-280308
2048-303308
2049-327309
2050-351310
2051-375311
2052-398312
2053-423312
2054-447312
2055-472312
2056-496311
2057-522311
2058-548310
2059-574308
2060-601307
2061-629305
2062-657303
2063-685301
2064-714298
2065-744295
2066-774292
2067-804289
2068-835285
2069-867281
2070-899276
2071-932272
2072-965267
2073-1000262
2074-1035256
2075-1072251
2076-1110246
2077-1148241
2078-1188235
2079-1228230
2080-1268224
2081-1309219
2082-1350213
2083-1391207
2084-1432201
2085-1472194
2086-1514188
2087-1555180
2088-1597173
2089-1640166
2090-1683158
back