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 2024. 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 |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 194 |
| 2025 | 177 | 176 |
| 2026 | 160 | 157 |
| 2027 | 143 | 139 |
| 2028 | 126 | 121 |
| 2029 | 109 | 102 |
| 2030 | 91 | 84 |
| 2031 | 74 | 66 |
| 2032 | 57 | 47 |
| 2033 | 39 | 28 |
| 2034 | 21 | 10 |
| 2035 | 3 | -10 |
| 2036 | -16 | -30 |
| 2037 | -35 | -50 |
| 2038 | -54 | -71 |
| 2039 | -74 | -92 |
| 2040 | -95 | -113 |
| 2041 | -116 | -135 |
| 2042 | -137 | -157 |
| 2043 | -158 | -180 |
| 2044 | -180 | -202 |
| 2045 | -202 | -225 |
| 2046 | -224 | -248 |
| 2047 | -246 | -271 |
| 2048 | -268 | -294 |
| 2049 | -291 | -317 |
| 2050 | -313 | -341 |
| 2051 | -336 | -364 |
| 2052 | -359 | -388 |
| 2053 | -383 | -412 |
| 2054 | -406 | -436 |
| 2055 | -430 | -460 |
| 2056 | -453 | -484 |
| 2057 | -477 | -508 |
| 2058 | -501 | -533 |
| 2059 | -525 | -558 |
| 2060 | -550 | -583 |
| 2061 | -575 | -609 |
| 2062 | -601 | -635 |
| 2063 | -627 | -661 |
| 2064 | -654 | -688 |
| 2065 | -681 | -716 |
| 2066 | -708 | -743 |
| 2067 | -736 | -772 |
| 2068 | -764 | -800 |
| 2069 | -792 | -829 |
| 2070 | -821 | -858 |
| 2071 | -850 | -887 |
| 2072 | -880 | -917 |
| 2073 | -910 | -948 |
| 2074 | -940 | -978 |
| 2075 | -971 | -1010 |
| 2076 | -1003 | -1042 |
| 2077 | -1036 | -1075 |
| 2078 | -1069 | -1109 |
| 2079 | -1104 | -1144 |
| 2080 | -1139 | -1180 |
| 2081 | -1175 | -1216 |
| 2082 | -1212 | -1253 |
| 2083 | -1249 | -1291 |
| 2084 | -1286 | -1329 |
| 2085 | -1324 | -1367 |
| 2086 | -1363 | -1407 |
| 2087 | -1402 | -1446 |
| 2088 | -1442 | -1486 |
| 2089 | -1481 | -1526 |
| 2090 | -1520 | -1565 |
| 2091 | -1558 | -1604 |
| 2092 | -1595 | -1642 |
| 2093 | -1632 | -1679 |
| 2094 | -1668 | -1715 |
| 2095 | -1703 | -1751 |
| 2096 | -1738 | -1786 |
| 2097 | -1773 | -1821 |
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