Proposed Provision: H2. Starting in 2017, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2017-2036.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2016303303
2017293293
2018277278
2019262263
2020246249
2021231235
2022216220
2023200205
2024183190
2025165174
2026149158
2027132143
2028115127
202998112
20308197
20316481
20324665
20332748
2034831
2035-1114
2036-30-4
2037-50-22
2038-71-41
2039-91-60
2040-112-79
2041-133-98
2042-154-118
2043-176-137
2044-197-157
2045-218-177
2046-240-196
2047-262-216
2048-283-236
2049-305-257
2050-327-277
2051-349-297
2052-371-317
2053-393-338
2054-415-358
2055-437-379
2056-460-400
2057-482-421
2058-506-443
2059-529-465
2060-553-488
2061-578-511
2062-603-534
2063-628-558
2064-654-582
2065-680-607
2066-706-632
2067-733-657
2068-760-683
2069-788-709
2070-816-735
2071-845-763
2072-874-791
2073-905-819
2074-935-848
2075-967-878
2076-1000-909
2077-1033-941
2078-1068-973
2079-1102-1006
2080-1138-1039
2081-1173-1073
2082-1208-1106
2083-1243-1140
2084-1279-1173
2085-1314-1206
2086-1349-1239
2087-1384-1273
2088-1419-1306
2089-1455-1340
2090-1491-1374
2091-1528-1409
back