Proposed Provision: E1.2. Increase the payroll tax rate (currently 12.4 percent) to 16.2 percent in 2034-2063, and to 20.0 percent in years 2064 and later.

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

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316060
20324343
20332525
203477
2035-128
2036-3111
2037-5113
2038-7014
2039-9115
2040-11217
2041-13318
2042-15418
2043-17619
2044-19820
2045-22021
2046-24322
2047-26523
2048-28824
2049-31124
2050-33325
2051-35725
2052-38026
2053-40326
2054-42726
2055-45026
2056-47425
2057-49824
2058-52223
2059-54721
2060-57219
2061-59716
2062-62313
2063-65010
2064-6777
2065-70521
2066-73337
2067-76252
2068-79167
2069-82082
2070-85097
2071-880112
2072-911126
2073-942140
2074-974154
2075-1006169
2076-1039183
2077-1074197
2078-1108211
2079-1144226
2080-1181241
2081-1218257
2082-1256273
2083-1294289
2084-1333306
2085-1373324
2086-1413342
2087-1453361
2088-1494381
2089-1534401
2090-1574422
2091-1613443
2092-1651465
2093-1689486
2094-1726508
2095-1762530
2096-1798551
2097-1833573
2098-1868595
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