Proposed Provision: E1.1. Increase the payroll tax rate (currently 12.4 percent) to 15.2 percent in 2017 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 294 |
| 2019 | 262 | 297 |
| 2020 | 246 | 298 |
| 2021 | 231 | 300 |
| 2022 | 216 | 300 |
| 2023 | 200 | 299 |
| 2024 | 183 | 297 |
| 2025 | 165 | 293 |
| 2026 | 149 | 291 |
| 2027 | 132 | 289 |
| 2028 | 115 | 288 |
| 2029 | 98 | 286 |
| 2030 | 81 | 285 |
| 2031 | 64 | 285 |
| 2032 | 46 | 284 |
| 2033 | 27 | 283 |
| 2034 | 8 | 282 |
| 2035 | -11 | 281 |
| 2036 | -30 | 279 |
| 2037 | -50 | 278 |
| 2038 | -71 | 276 |
| 2039 | -91 | 275 |
| 2040 | -112 | 274 |
| 2041 | -133 | 273 |
| 2042 | -154 | 272 |
| 2043 | -176 | 272 |
| 2044 | -197 | 271 |
| 2045 | -218 | 271 |
| 2046 | -240 | 271 |
| 2047 | -262 | 271 |
| 2048 | -283 | 271 |
| 2049 | -305 | 271 |
| 2050 | -327 | 272 |
| 2051 | -349 | 272 |
| 2052 | -371 | 272 |
| 2053 | -393 | 272 |
| 2054 | -415 | 272 |
| 2055 | -437 | 272 |
| 2056 | -460 | 271 |
| 2057 | -482 | 270 |
| 2058 | -506 | 269 |
| 2059 | -529 | 267 |
| 2060 | -553 | 265 |
| 2061 | -578 | 263 |
| 2062 | -603 | 261 |
| 2063 | -628 | 259 |
| 2064 | -654 | 256 |
| 2065 | -680 | 253 |
| 2066 | -706 | 249 |
| 2067 | -733 | 246 |
| 2068 | -760 | 242 |
| 2069 | -788 | 238 |
| 2070 | -816 | 233 |
| 2071 | -845 | 229 |
| 2072 | -874 | 224 |
| 2073 | -905 | 219 |
| 2074 | -935 | 213 |
| 2075 | -967 | 208 |
| 2076 | -1000 | 203 |
| 2077 | -1033 | 197 |
| 2078 | -1068 | 192 |
| 2079 | -1102 | 187 |
| 2080 | -1138 | 181 |
| 2081 | -1173 | 176 |
| 2082 | -1208 | 170 |
| 2083 | -1243 | 165 |
| 2084 | -1279 | 159 |
| 2085 | -1314 | 153 |
| 2086 | -1349 | 146 |
| 2087 | -1384 | 140 |
| 2088 | -1419 | 133 |
| 2089 | -1455 | 126 |
| 2090 | -1491 | 118 |
| 2091 | -1528 | 110 |
back