Proposed Provision: H4. Increase the threshold for taxation of OASDI benefits to $50,000 for single filers and $100,000 for joint filers starting in 2023. Taxation of benefits revenues transferred to the Hospital Insurance (HI) Trust Fund would be the same as if the current-law computation applied.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196195
2025178175
2026159155
2027141136
2028122116
202910496
20308575
20316655
20324635
20332714
20347-7
2035-13-28
2036-33-50
2037-54-72
2038-76-95
2039-97-118
2040-119-141
2041-142-165
2042-165-189
2043-188-213
2044-211-238
2045-235-262
2046-258-287
2047-282-312
2048-306-337
2049-330-362
2050-354-387
2051-378-412
2052-403-437
2053-427-463
2054-452-488
2055-477-514
2056-502-540
2057-527-565
2058-552-591
2059-578-617
2060-604-644
2061-630-671
2062-657-698
2063-684-726
2064-712-754
2065-740-782
2066-768-811
2067-796-840
2068-825-870
2069-855-899
2070-884-929
2071-914-960
2072-945-991
2073-976-1022
2074-1007-1054
2075-1039-1086
2076-1071-1119
2077-1105-1153
2078-1139-1188
2079-1175-1224
2080-1211-1261
2081-1248-1299
2082-1286-1337
2083-1324-1376
2084-1363-1415
2085-1403-1455
2086-1443-1496
2087-1483-1537
2088-1524-1578
2089-1564-1620
2090-1604-1660
2091-1643-1699
2092-1681-1738
2093-1718-1775
2094-1754-1812
2095-1789-1848
2096-1825-1884
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