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Summary of Provisions That Would Change the Social Security Program |
Description of Proposed Provisions:
|
|
Estimates based on the intermediate assumptions of the 2008 Trustees Report
Change from present law | Results with this provision | |||||
---|---|---|---|---|---|---|
Long-range actuarial balance |
Annual balance in 75th year |
Long-range actuarial balance |
Annual balance in 75th year |
|||
Present Law, Alternative II. |
-1.70 | -4.20 | ||||
H1 | Tax Social Security
benefits in a manner similar to private pension income beginning in
2009. Phase out the lower-income thresholds during 2009-2018. graph | table | pdf-graph | pdf-table |
0.27 | 0.16 | -1.43 | -4.04 | |
H2 | Tax Social Security
benefits in a manner similar to private pension income beginning in
2009. Phase out the lower-income thresholds during 2009-2028. graph | table | pdf-graph | pdf-table | memo |
0.24 | 0.16 | -1.46 | -4.04 |
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