Proposed Provision: E1.9. Increase the payroll tax rate (currently 12.4 percent) by 0.1 percentage point each year from 2027-2050, until the rate reaches 14.8 percent in 2050 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 | 131 |
| 2028 | 114 | 114 |
| 2029 | 96 | 98 |
| 2030 | 78 | 82 |
| 2031 | 60 | 66 |
| 2032 | 43 | 51 |
| 2033 | 25 | 37 |
| 2034 | 7 | 22 |
| 2035 | -12 | 8 |
| 2036 | -31 | -6 |
| 2037 | -51 | -19 |
| 2038 | -70 | -33 |
| 2039 | -91 | -47 |
| 2040 | -112 | -60 |
| 2041 | -133 | -73 |
| 2042 | -154 | -85 |
| 2043 | -176 | -98 |
| 2044 | -198 | -110 |
| 2045 | -220 | -121 |
| 2046 | -243 | -132 |
| 2047 | -265 | -142 |
| 2048 | -288 | -152 |
| 2049 | -311 | -162 |
| 2050 | -333 | -171 |
| 2051 | -357 | -180 |
| 2052 | -380 | -189 |
| 2053 | -403 | -198 |
| 2054 | -427 | -207 |
| 2055 | -450 | -216 |
| 2056 | -474 | -226 |
| 2057 | -498 | -236 |
| 2058 | -522 | -246 |
| 2059 | -547 | -256 |
| 2060 | -572 | -267 |
| 2061 | -597 | -279 |
| 2062 | -623 | -291 |
| 2063 | -650 | -303 |
| 2064 | -677 | -316 |
| 2065 | -705 | -329 |
| 2066 | -733 | -342 |
| 2067 | -762 | -356 |
| 2068 | -791 | -370 |
| 2069 | -820 | -384 |
| 2070 | -850 | -399 |
| 2071 | -880 | -414 |
| 2072 | -911 | -430 |
| 2073 | -942 | -445 |
| 2074 | -974 | -461 |
| 2075 | -1006 | -478 |
| 2076 | -1039 | -495 |
| 2077 | -1074 | -512 |
| 2078 | -1108 | -530 |
| 2079 | -1144 | -549 |
| 2080 | -1181 | -567 |
| 2081 | -1218 | -586 |
| 2082 | -1256 | -606 |
| 2083 | -1294 | -625 |
| 2084 | -1333 | -645 |
| 2085 | -1373 | -664 |
| 2086 | -1413 | -684 |
| 2087 | -1453 | -703 |
| 2088 | -1494 | -723 |
| 2089 | -1534 | -742 |
| 2090 | -1574 | -761 |
| 2091 | -1613 | -780 |
| 2092 | -1651 | -798 |
| 2093 | -1689 | -815 |
| 2094 | -1726 | -832 |
| 2095 | -1762 | -849 |
| 2096 | -1798 | -865 |
| 2097 | -1833 | -881 |
| 2098 | -1868 | -897 |
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