Proposed Provision: E1.8. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2026-2031, until the rate reaches 13.0 percent for 2031 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 149 |
| 2027 | 131 | 132 |
| 2028 | 114 | 115 |
| 2029 | 96 | 99 |
| 2030 | 78 | 84 |
| 2031 | 60 | 69 |
| 2032 | 43 | 54 |
| 2033 | 25 | 40 |
| 2034 | 7 | 25 |
| 2035 | -12 | 10 |
| 2036 | -31 | -6 |
| 2037 | -51 | -22 |
| 2038 | -70 | -38 |
| 2039 | -91 | -55 |
| 2040 | -112 | -72 |
| 2041 | -133 | -90 |
| 2042 | -154 | -107 |
| 2043 | -176 | -125 |
| 2044 | -198 | -144 |
| 2045 | -220 | -162 |
| 2046 | -243 | -180 |
| 2047 | -265 | -199 |
| 2048 | -288 | -218 |
| 2049 | -311 | -237 |
| 2050 | -333 | -256 |
| 2051 | -357 | -275 |
| 2052 | -380 | -294 |
| 2053 | -403 | -314 |
| 2054 | -427 | -333 |
| 2055 | -450 | -353 |
| 2056 | -474 | -373 |
| 2057 | -498 | -393 |
| 2058 | -522 | -414 |
| 2059 | -547 | -435 |
| 2060 | -572 | -456 |
| 2061 | -597 | -478 |
| 2062 | -623 | -500 |
| 2063 | -650 | -523 |
| 2064 | -677 | -547 |
| 2065 | -705 | -570 |
| 2066 | -733 | -595 |
| 2067 | -762 | -619 |
| 2068 | -791 | -644 |
| 2069 | -820 | -670 |
| 2070 | -850 | -696 |
| 2071 | -880 | -722 |
| 2072 | -911 | -749 |
| 2073 | -942 | -776 |
| 2074 | -974 | -803 |
| 2075 | -1006 | -831 |
| 2076 | -1039 | -860 |
| 2077 | -1074 | -890 |
| 2078 | -1108 | -920 |
| 2079 | -1144 | -951 |
| 2080 | -1181 | -983 |
| 2081 | -1218 | -1015 |
| 2082 | -1256 | -1048 |
| 2083 | -1294 | -1081 |
| 2084 | -1333 | -1115 |
| 2085 | -1373 | -1149 |
| 2086 | -1413 | -1183 |
| 2087 | -1453 | -1218 |
| 2088 | -1494 | -1252 |
| 2089 | -1534 | -1287 |
| 2090 | -1574 | -1321 |
| 2091 | -1613 | -1355 |
| 2092 | -1651 | -1388 |
| 2093 | -1689 | -1420 |
| 2094 | -1726 | -1451 |
| 2095 | -1762 | -1482 |
| 2096 | -1798 | -1513 |
| 2097 | -1833 | -1543 |
| 2098 | -1868 | -1573 |
back