Proposed Provision: Starting in 2016, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2016-2025.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2015 | 308 | 308 |
| 2016 | 298 | 298 |
| 2017 | 280 | 281 |
| 2018 | 264 | 266 |
| 2019 | 248 | 252 |
| 2020 | 233 | 238 |
| 2021 | 219 | 225 |
| 2022 | 204 | 212 |
| 2023 | 189 | 198 |
| 2024 | 173 | 184 |
| 2025 | 157 | 171 |
| 2026 | 142 | 157 |
| 2027 | 126 | 143 |
| 2028 | 110 | 129 |
| 2029 | 94 | 115 |
| 2030 | 77 | 100 |
| 2031 | 60 | 84 |
| 2032 | 42 | 68 |
| 2033 | 23 | 51 |
| 2034 | 4 | 34 |
| 2035 | -16 | 16 |
| 2036 | -36 | -3 |
| 2037 | -57 | -21 |
| 2038 | -78 | -41 |
| 2039 | -100 | -60 |
| 2040 | -122 | -80 |
| 2041 | -144 | -101 |
| 2042 | -166 | -121 |
| 2043 | -189 | -142 |
| 2044 | -211 | -162 |
| 2045 | -234 | -183 |
| 2046 | -257 | -205 |
| 2047 | -280 | -226 |
| 2048 | -303 | -247 |
| 2049 | -327 | -269 |
| 2050 | -351 | -291 |
| 2051 | -375 | -313 |
| 2052 | -398 | -335 |
| 2053 | -423 | -357 |
| 2054 | -447 | -380 |
| 2055 | -472 | -403 |
| 2056 | -496 | -426 |
| 2057 | -522 | -450 |
| 2058 | -548 | -474 |
| 2059 | -574 | -499 |
| 2060 | -601 | -524 |
| 2061 | -629 | -550 |
| 2062 | -657 | -576 |
| 2063 | -685 | -603 |
| 2064 | -714 | -630 |
| 2065 | -744 | -658 |
| 2066 | -774 | -686 |
| 2067 | -804 | -715 |
| 2068 | -835 | -744 |
| 2069 | -867 | -774 |
| 2070 | -899 | -804 |
| 2071 | -932 | -835 |
| 2072 | -965 | -867 |
| 2073 | -1000 | -899 |
| 2074 | -1035 | -933 |
| 2075 | -1072 | -967 |
| 2076 | -1110 | -1003 |
| 2077 | -1148 | -1039 |
| 2078 | -1188 | -1076 |
| 2079 | -1228 | -1114 |
| 2080 | -1268 | -1152 |
| 2081 | -1309 | -1191 |
| 2082 | -1350 | -1229 |
| 2083 | -1391 | -1268 |
| 2084 | -1432 | -1306 |
| 2085 | -1472 | -1345 |
| 2086 | -1514 | -1384 |
| 2087 | -1555 | -1423 |
| 2088 | -1597 | -1463 |
| 2089 | -1640 | -1503 |
| 2090 | -1683 | -1544 |
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