Proposed Provision: Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2016 and later.

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

Year Present Law Provision
2015308308
2016298298
2017280274
2018264251
2019248230
2020233208
2021219188
2022204167
2023189147
2024173126
2025157105
202614284
202712662
202811041
20299418
203077-4
203160-28
203242-52
203323-78
20344-103
2035-16-130
2036-36-157
2037-57-185
2038-78-213
2039-100-242
2040-122-271
2041-144-301
2042-166-331
2043-189-361
2044-211-392
2045-234-423
2046-257-454
2047-280-485
2048-303-517
2049-327-549
2050-351-581
2051-375-614
2052-398-646
2053-423-679
2054-447-711
2055-472-745
2056-496-778
2057-522-812
2058-548-846
2059-574-882
2060-601-917
2061-629-954
2062-657-991
2063-685-1028
2064-714-1067
2065-744-1105
2066-774-1145
2067-804-1184
2068-835-1225
2069-867-1266
2070-899-1308
2071-932-1350
2072-965-1394
2073-1000-1439
2074-1035-1485
2075-1072-1532
2076-1110-1581
2077-1148-1632
2078-1188-1683
2079-1228-1735
2080-1268-1788
2081-1309-1841
2082-1350-1894
2083-1391-1947
2084-1432-1999
2085-1472-2052
2086-1514-2105
2087-1555-2159
2088-1597-2213
2089-1640-2268
2090-1683-2324
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