Proposed Provision: Starting in 2016, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2016-2035.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 281 |
2018 | 264 | 266 |
2019 | 248 | 251 |
2020 | 233 | 237 |
2021 | 219 | 223 |
2022 | 204 | 209 |
2023 | 189 | 195 |
2024 | 173 | 181 |
2025 | 157 | 167 |
2026 | 142 | 153 |
2027 | 126 | 139 |
2028 | 110 | 124 |
2029 | 94 | 110 |
2030 | 77 | 95 |
2031 | 60 | 79 |
2032 | 42 | 63 |
2033 | 23 | 46 |
2034 | 4 | 28 |
2035 | -16 | 10 |
2036 | -36 | -9 |
2037 | -57 | -28 |
2038 | -78 | -47 |
2039 | -100 | -67 |
2040 | -122 | -87 |
2041 | -144 | -107 |
2042 | -166 | -128 |
2043 | -189 | -148 |
2044 | -211 | -169 |
2045 | -234 | -190 |
2046 | -257 | -211 |
2047 | -280 | -233 |
2048 | -303 | -254 |
2049 | -327 | -276 |
2050 | -351 | -298 |
2051 | -375 | -320 |
2052 | -398 | -342 |
2053 | -423 | -365 |
2054 | -447 | -388 |
2055 | -472 | -411 |
2056 | -496 | -434 |
2057 | -522 | -458 |
2058 | -548 | -482 |
2059 | -574 | -507 |
2060 | -601 | -532 |
2061 | -629 | -558 |
2062 | -657 | -584 |
2063 | -685 | -611 |
2064 | -714 | -638 |
2065 | -744 | -666 |
2066 | -774 | -694 |
2067 | -804 | -723 |
2068 | -835 | -752 |
2069 | -867 | -782 |
2070 | -899 | -813 |
2071 | -932 | -844 |
2072 | -965 | -876 |
2073 | -1000 | -908 |
2074 | -1035 | -942 |
2075 | -1072 | -976 |
2076 | -1110 | -1012 |
2077 | -1148 | -1049 |
2078 | -1188 | -1086 |
2079 | -1228 | -1124 |
2080 | -1268 | -1162 |
2081 | -1309 | -1201 |
2082 | -1350 | -1239 |
2083 | -1391 | -1278 |
2084 | -1432 | -1317 |
2085 | -1472 | -1355 |
2086 | -1514 | -1394 |
2087 | -1555 | -1434 |
2088 | -1597 | -1474 |
2089 | -1640 | -1514 |
2090 | -1683 | -1555 |
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