Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2024-2047, until the rate reaches 14.8 percent in 2047. Then increase the payroll tax rate an additional 0.1 percentage point in each year from 2086-2090, until the rate reaches 15.3 percent for 2090 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 183 |
| 2026 | 165 | 167 |
| 2027 | 148 | 151 |
| 2028 | 130 | 136 |
| 2029 | 112 | 121 |
| 2030 | 94 | 106 |
| 2031 | 76 | 92 |
| 2032 | 58 | 78 |
| 2033 | 39 | 64 |
| 2034 | 20 | 51 |
| 2035 | 1 | 38 |
| 2036 | -19 | 26 |
| 2037 | -38 | 13 |
| 2038 | -59 | 1 |
| 2039 | -80 | -11 |
| 2040 | -101 | -22 |
| 2041 | -122 | -34 |
| 2042 | -144 | -45 |
| 2043 | -166 | -55 |
| 2044 | -188 | -65 |
| 2045 | -210 | -74 |
| 2046 | -232 | -83 |
| 2047 | -255 | -91 |
| 2048 | -277 | -99 |
| 2049 | -299 | -107 |
| 2050 | -322 | -114 |
| 2051 | -344 | -122 |
| 2052 | -367 | -129 |
| 2053 | -389 | -137 |
| 2054 | -412 | -145 |
| 2055 | -434 | -153 |
| 2056 | -457 | -161 |
| 2057 | -480 | -169 |
| 2058 | -504 | -177 |
| 2059 | -527 | -186 |
| 2060 | -551 | -195 |
| 2061 | -575 | -204 |
| 2062 | -599 | -214 |
| 2063 | -624 | -224 |
| 2064 | -650 | -234 |
| 2065 | -676 | -245 |
| 2066 | -702 | -256 |
| 2067 | -728 | -267 |
| 2068 | -755 | -279 |
| 2069 | -782 | -291 |
| 2070 | -809 | -303 |
| 2071 | -837 | -316 |
| 2072 | -866 | -329 |
| 2073 | -895 | -342 |
| 2074 | -925 | -356 |
| 2075 | -955 | -371 |
| 2076 | -986 | -385 |
| 2077 | -1018 | -401 |
| 2078 | -1051 | -416 |
| 2079 | -1084 | -432 |
| 2080 | -1119 | -449 |
| 2081 | -1154 | -465 |
| 2082 | -1190 | -482 |
| 2083 | -1226 | -499 |
| 2084 | -1263 | -516 |
| 2085 | -1300 | -533 |
| 2086 | -1337 | -550 |
| 2087 | -1374 | -567 |
| 2088 | -1411 | -582 |
| 2089 | -1448 | -597 |
| 2090 | -1484 | -611 |
| 2091 | -1520 | -625 |
| 2092 | -1554 | -638 |
| 2093 | -1589 | -651 |
| 2094 | -1623 | -664 |
| 2095 | -1657 | -676 |
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