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 |
2021 | 253 | 253 |
2022 | 231 | 231 |
2023 | 214 | 214 |
2024 | 196 | 195 |
2025 | 178 | 175 |
2026 | 159 | 155 |
2027 | 141 | 136 |
2028 | 122 | 116 |
2029 | 104 | 96 |
2030 | 85 | 75 |
2031 | 66 | 55 |
2032 | 46 | 35 |
2033 | 27 | 14 |
2034 | 7 | -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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