Proposed Provision: Starting in 2013, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2013-2022.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2012 | 340 | 340 |
2013 | 329 | 329 |
2014 | 315 | 316 |
2015 | 302 | 304 |
2016 | 290 | 293 |
2017 | 277 | 283 |
2018 | 265 | 273 |
2019 | 253 | 263 |
2020 | 240 | 252 |
2021 | 227 | 241 |
2022 | 212 | 229 |
2023 | 197 | 216 |
2024 | 181 | 202 |
2025 | 164 | 188 |
2026 | 147 | 173 |
2027 | 129 | 158 |
2028 | 110 | 141 |
2029 | 90 | 124 |
2030 | 70 | 106 |
2031 | 49 | 87 |
2032 | 27 | 67 |
2033 | 5 | 47 |
2034 | -18 | 27 |
2035 | -41 | 6 |
2036 | -65 | -15 |
2037 | -89 | -37 |
2038 | -114 | -59 |
2039 | -138 | -82 |
2040 | -163 | -104 |
2041 | -189 | -127 |
2042 | -215 | -151 |
2043 | -240 | -174 |
2044 | -266 | -197 |
2045 | -292 | -221 |
2046 | -319 | -245 |
2047 | -346 | -270 |
2048 | -373 | -294 |
2049 | -400 | -319 |
2050 | -428 | -344 |
2051 | -456 | -370 |
2052 | -484 | -395 |
2053 | -512 | -421 |
2054 | -540 | -447 |
2055 | -569 | -474 |
2056 | -598 | -500 |
2057 | -628 | -527 |
2058 | -657 | -555 |
2059 | -688 | -583 |
2060 | -719 | -611 |
2061 | -750 | -640 |
2062 | -782 | -670 |
2063 | -814 | -699 |
2064 | -847 | -729 |
2065 | -880 | -760 |
2066 | -913 | -790 |
2067 | -946 | -821 |
2068 | -980 | -852 |
2069 | -1014 | -884 |
2070 | -1049 | -916 |
2071 | -1084 | -949 |
2072 | -1120 | -982 |
2073 | -1156 | -1015 |
2074 | -1193 | -1049 |
2075 | -1230 | -1084 |
2076 | -1268 | -1119 |
2077 | -1307 | -1155 |
2078 | -1346 | -1192 |
2079 | -1385 | -1228 |
2080 | -1425 | -1265 |
2081 | -1465 | -1302 |
2082 | -1505 | -1340 |
2083 | -1547 | -1379 |
2084 | -1588 | -1417 |
2085 | -1631 | -1457 |
2086 | -1673 | -1497 |
2087 | -1717 | -1538 |
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