| Number |
Table and graph selection |
| H1 |
Starting in 2017, tax Social Security benefits in a manner similar to
private pension income. Phase out the lower-income thresholds during
2017-2026.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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| 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.
Summary measures and graphs
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Memorandum containing this or a similar provision:
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| H3 |
Starting in 2018, modify personal income tax by: (a) establishing
two-brackets with marginal rates of 15 and 27 percent separated at
$51,000 (CPI indexed); (b) creating a non-refundable credit for
low-income tax filers age 65 and older; and (c) treating capital
gains as regular income. Tax all Social Security benefits at the
applicable marginal rate (15 or 27 percent) less 7.5 percent, with
60 percent of this revenue going to OASDI and 40 percent going to HI.
Summary measures and graphs
(PDF version)
Detailed single year tables
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Memorandum containing this or a similar provision:
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| H4 |
Increase the threshold for taxation of OASDI benefits to $50,000 for single
filers and $100,000 for joint filers starting in 2018. Taxation of benefits
revenues transferred to the Hospital Insurance (HI) Trust Fund would be the
same as if the current-law computation applied.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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| H5 |
Beginning in 2023, for single/head-of-household/married-filing-separate
taxpayers with MAGI of $250,000 or more and joint filers with MAGI of
$500,000 or more, include up to the remaining 15 percent of Social
Security benefits in taxable income (increased from up to 85 percent of
benefits taxable under current law). In subsequent years, update these
thresholds for growth in wages (AWI). Revenue from this provision would
be credited to the Social Security trust funds. Current law taxation of
up to 85 percent of Social Security benefits would remain unchanged.
Summary measures and graphs
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Detailed single year tables
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Memorandum containing this or a similar provision:
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| H6 |
Eliminate federal income taxation of OASDI benefits that is credited to
the OASI and DI Trust Funds for 2054 and later. Phase out OASDI taxation
of benefits by increasing relevant "income" thresholds from 2045 through
2053 as follows, for single/joint tax filers: (a) 2045 = $32,500/$65,000;
(b) 2046 = $40,000/$80,000; (c) 2047 = $47,500/$95,000; (d) 2048 = $55,000/$110,000;
(e) 2049 = $62,500/$125,000; (f) 2050 = $70,000/$140,000; (g) 2051 = $77,500/$155,000;
(h) 2052 = $85,000/$170,000; and (i) 2053 = $92,500/$185,000. Taxation of
benefits revenues for the Hospital Insurance (HI) Trust Fund would be maintained
at the same level as if the current-law computation applied.
Summary measures and graphs
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Memorandum containing this or a similar provision:
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Above provisions
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www.socialsecurity.gov
