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
2015308308
2016298298
2017280281
2018264266
2019248251
2020233237
2021219223
2022204209
2023189195
2024173181
2025157167
2026142153
2027126139
2028110124
202994110
20307795
20316079
20324263
20332346
2034428
2035-1610
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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