Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 16.4 percent in 2034-2063, and to 20.4 percent in years 2064 and later.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324646
20332727
203477
2035-138
2036-3310
2037-5411
2038-7612
2039-9713
2040-11914
2041-14214
2042-16515
2043-18815
2044-21116
2045-23516
2046-25817
2047-28218
2048-30618
2049-33019
2050-35419
2051-37820
2052-40320
2053-42721
2054-45221
2055-47721
2056-50221
2057-52721
2058-55220
2059-57820
2060-60419
2061-63017
2062-65716
2063-68414
2064-71213
2065-74030
2066-76848
2067-79666
2068-82584
2069-855101
2070-884119
2071-914136
2072-945153
2073-976170
2074-1007187
2075-1039204
2076-1071221
2077-1105238
2078-1139255
2079-1175273
2080-1211291
2081-1248309
2082-1286328
2083-1324348
2084-1363368
2085-1403389
2086-1443410
2087-1483432
2088-1524455
2089-1564479
2090-1604503
2091-1643527
2092-1681552
2093-1718576
2094-1754601
2095-1789626
2096-1825650
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