Proposed Provision: Increase the payroll tax rate (currently 12.4 percent) to 15.2 percent in 2028-2057, and to 18.0 percent in years 2058 and later.

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

Year Present Law Provision
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173173
2025157157
2026142142
2027126126
2028110110
202994110
203077109
203160108
203242106
203323104
20344101
2035-1698
2036-3694
2037-5790
2038-7886
2039-10083
2040-12279
2041-14475
2042-16671
2043-18968
2044-21164
2045-23461
2046-25757
2047-28054
2048-30351
2049-32748
2050-35145
2051-37542
2052-39838
2053-42335
2054-44731
2055-47228
2056-49623
2057-52219
2058-54814
2059-57424
2060-60134
2061-62944
2062-65753
2063-68563
2064-71472
2065-74481
2066-77490
2067-80499
2068-835107
2069-867115
2070-899123
2071-932131
2072-965139
2073-1000146
2074-1035154
2075-1072162
2076-1110169
2077-1148177
2078-1188185
2079-1228193
2080-1268201
2081-1309210
2082-1350218
2083-1391226
2084-1432234
2085-1472243
2086-1514250
2087-1555258
2088-1597266
2089-1640274
2090-1683281
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