Proposed Provision: E1.7. Increase the payroll tax rate (currently 12.4 percent) to 12.7 percent in 2020, 13.0 percent in 2033, 13.3 in percent in 2048, 14.0 percent in 2068, 14.5 percent in 2078, and 14.7 percent in 2088 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 259 |
| 2021 | 245 | 247 |
| 2022 | 230 | 234 |
| 2023 | 215 | 220 |
| 2024 | 199 | 206 |
| 2025 | 182 | 191 |
| 2026 | 165 | 176 |
| 2027 | 148 | 160 |
| 2028 | 130 | 144 |
| 2029 | 112 | 128 |
| 2030 | 94 | 111 |
| 2031 | 75 | 94 |
| 2032 | 56 | 77 |
| 2033 | 37 | 59 |
| 2034 | 16 | 42 |
| 2035 | -4 | 25 |
| 2036 | -26 | 7 |
| 2037 | -47 | -11 |
| 2038 | -70 | -30 |
| 2039 | -92 | -49 |
| 2040 | -115 | -67 |
| 2041 | -138 | -86 |
| 2042 | -161 | -105 |
| 2043 | -184 | -124 |
| 2044 | -207 | -143 |
| 2045 | -230 | -162 |
| 2046 | -253 | -181 |
| 2047 | -276 | -200 |
| 2048 | -300 | -219 |
| 2049 | -323 | -237 |
| 2050 | -346 | -254 |
| 2051 | -370 | -271 |
| 2052 | -393 | -288 |
| 2053 | -417 | -306 |
| 2054 | -440 | -323 |
| 2055 | -464 | -340 |
| 2056 | -487 | -358 |
| 2057 | -511 | -376 |
| 2058 | -536 | -394 |
| 2059 | -560 | -412 |
| 2060 | -585 | -431 |
| 2061 | -611 | -450 |
| 2062 | -637 | -470 |
| 2063 | -663 | -490 |
| 2064 | -690 | -510 |
| 2065 | -717 | -531 |
| 2066 | -745 | -552 |
| 2067 | -772 | -573 |
| 2068 | -801 | -595 |
| 2069 | -829 | -613 |
| 2070 | -858 | -632 |
| 2071 | -888 | -651 |
| 2072 | -918 | -670 |
| 2073 | -949 | -691 |
| 2074 | -981 | -711 |
| 2075 | -1014 | -733 |
| 2076 | -1047 | -755 |
| 2077 | -1082 | -778 |
| 2078 | -1117 | -801 |
| 2079 | -1153 | -822 |
| 2080 | -1190 | -844 |
| 2081 | -1227 | -865 |
| 2082 | -1264 | -887 |
| 2083 | -1300 | -908 |
| 2084 | -1337 | -929 |
| 2085 | -1374 | -951 |
| 2086 | -1410 | -972 |
| 2087 | -1446 | -993 |
| 2088 | -1483 | -1014 |
| 2089 | -1520 | -1035 |
| 2090 | -1557 | -1055 |
| 2091 | -1595 | -1076 |
| 2092 | -1633 | -1098 |
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