Proposed Provision: E1.6. Increase the payroll tax rate (currently 12.4 percent) to 12.6 percent in 2020, 12.9 percent in 2028, 13.3 in percent in 2038, 13.8 percent in 2048, 14.4 percent in 2068, and 14.5 percent in 2083 and later.

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

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245246
2022230233
2023215219
2024199204
2025182188
2026165172
2027148156
2028130139
2029112124
203094109
20317593
20325677
20333760
20341643
2035-425
2036-266
2037-47-12
2038-70-31
2039-92-49
2040-115-66
2041-138-83
2042-161-100
2043-184-118
2044-207-135
2045-230-152
2046-253-169
2047-276-186
2048-300-203
2049-323-218
2050-346-232
2051-370-246
2052-393-260
2053-417-275
2054-440-289
2055-464-303
2056-487-318
2057-511-332
2058-536-347
2059-560-362
2060-585-378
2061-611-394
2062-637-410
2063-663-427
2064-690-444
2065-717-461
2066-745-479
2067-772-497
2068-801-515
2069-829-531
2070-858-547
2071-888-563
2072-918-580
2073-949-597
2074-981-615
2075-1014-633
2076-1047-652
2077-1082-671
2078-1117-691
2079-1153-712
2080-1190-732
2081-1227-753
2082-1264-774
2083-1300-795
2084-1337-815
2085-1374-835
2086-1410-855
2087-1446-875
2088-1483-895
2089-1520-915
2090-1557-936
2091-1595-957
2092-1633-979
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