Proposed Provision: Starting in 2013, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2013-2032.

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

Year Present Law Provision
2012340340
2013329329
2014315316
2015302304
2016290292
2017277281
2018265270
2019253260
2020240248
2021227236
2022212223
2023197210
2024181196
2025164181
2026147166
2027129150
2028110133
202990115
20307097
20314978
20322759
2033539
2034-1818
2035-41-3
2036-65-24
2037-89-46
2038-114-68
2039-138-91
2040-163-114
2041-189-137
2042-215-160
2043-240-184
2044-266-207
2045-292-231
2046-319-255
2047-346-280
2048-373-305
2049-400-330
2050-428-355
2051-456-381
2052-484-406
2053-512-432
2054-540-459
2055-569-485
2056-598-512
2057-628-539
2058-657-567
2059-688-595
2060-719-624
2061-750-653
2062-782-682
2063-814-712
2064-847-742
2065-880-773
2066-913-804
2067-946-835
2068-980-866
2069-1014-898
2070-1049-930
2071-1084-963
2072-1120-996
2073-1156-1030
2074-1193-1064
2075-1230-1099
2076-1268-1134
2077-1307-1170
2078-1346-1207
2079-1385-1243
2080-1425-1281
2081-1465-1318
2082-1505-1356
2083-1547-1395
2084-1588-1434
2085-1631-1473
2086-1673-1514
2087-1717-1554
back