Proposed Provision: Reduce the payroll tax rate (currently 12.4 percent) to 11.4 percent in 2013 and later.

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

Year Present Law Provision
2012340340
2013329329
2014315309
2015302289
2016290270
2017277252
2018265234
2019253216
2020240197
2021227178
2022212158
2023197138
2024181116
202516494
202614771
202712948
202811023
202990-3
203070-29
203149-56
203227-84
20335-113
2034-18-142
2035-41-172
2036-65-203
2037-89-234
2038-114-266
2039-138-298
2040-163-331
2041-189-364
2042-215-398
2043-240-432
2044-266-466
2045-292-501
2046-319-536
2047-346-571
2048-373-607
2049-400-643
2050-428-680
2051-456-717
2052-484-754
2053-512-792
2054-540-829
2055-569-867
2056-598-906
2057-628-945
2058-657-984
2059-688-1025
2060-719-1066
2061-750-1107
2062-782-1149
2063-814-1192
2064-847-1235
2065-880-1278
2066-913-1322
2067-946-1366
2068-980-1411
2069-1014-1455
2070-1049-1501
2071-1084-1547
2072-1120-1594
2073-1156-1641
2074-1193-1689
2075-1230-1738
2076-1268-1788
2077-1307-1838
2078-1346-1889
2079-1385-1940
2080-1425-1992
2081-1465-2044
2082-1505-2097
2083-1547-2150
2084-1588-2204
2085-1631-2259
2086-1673-2315
2087-1717-2371
back