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
2012340340
2013329329
2014315316
2015302304
2016290293
2017277283
2018265273
2019253263
2020240252
2021227241
2022212229
2023197216
2024181202
2025164188
2026147173
2027129158
2028110141
202990124
203070106
20314987
20322767
2033547
2034-1827
2035-416
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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