Proposed Provision: H1. Starting in 2018, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2018-2027.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 274 |
| 2020 | 259 | 261 |
| 2021 | 245 | 248 |
| 2022 | 230 | 235 |
| 2023 | 215 | 221 |
| 2024 | 199 | 207 |
| 2025 | 182 | 192 |
| 2026 | 165 | 176 |
| 2027 | 148 | 161 |
| 2028 | 130 | 145 |
| 2029 | 112 | 128 |
| 2030 | 94 | 112 |
| 2031 | 75 | 95 |
| 2032 | 56 | 78 |
| 2033 | 37 | 60 |
| 2034 | 16 | 41 |
| 2035 | -4 | 22 |
| 2036 | -26 | 2 |
| 2037 | -47 | -18 |
| 2038 | -70 | -38 |
| 2039 | -92 | -59 |
| 2040 | -115 | -80 |
| 2041 | -138 | -101 |
| 2042 | -161 | -122 |
| 2043 | -184 | -143 |
| 2044 | -207 | -165 |
| 2045 | -230 | -186 |
| 2046 | -253 | -207 |
| 2047 | -276 | -229 |
| 2048 | -300 | -250 |
| 2049 | -323 | -272 |
| 2050 | -346 | -294 |
| 2051 | -370 | -315 |
| 2052 | -393 | -337 |
| 2053 | -417 | -359 |
| 2054 | -440 | -381 |
| 2055 | -464 | -403 |
| 2056 | -487 | -425 |
| 2057 | -511 | -447 |
| 2058 | -536 | -470 |
| 2059 | -560 | -493 |
| 2060 | -585 | -517 |
| 2061 | -611 | -541 |
| 2062 | -637 | -565 |
| 2063 | -663 | -590 |
| 2064 | -690 | -615 |
| 2065 | -717 | -641 |
| 2066 | -745 | -667 |
| 2067 | -772 | -693 |
| 2068 | -801 | -720 |
| 2069 | -829 | -747 |
| 2070 | -858 | -774 |
| 2071 | -888 | -802 |
| 2072 | -918 | -831 |
| 2073 | -949 | -860 |
| 2074 | -981 | -891 |
| 2075 | -1014 | -921 |
| 2076 | -1047 | -953 |
| 2077 | -1082 | -986 |
| 2078 | -1117 | -1019 |
| 2079 | -1153 | -1053 |
| 2080 | -1190 | -1088 |
| 2081 | -1227 | -1123 |
| 2082 | -1264 | -1158 |
| 2083 | -1300 | -1192 |
| 2084 | -1337 | -1227 |
| 2085 | -1374 | -1262 |
| 2086 | -1410 | -1296 |
| 2087 | -1446 | -1331 |
| 2088 | -1483 | -1365 |
| 2089 | -1520 | -1400 |
| 2090 | -1557 | -1436 |
| 2091 | -1595 | -1471 |
| 2092 | -1633 | -1508 |
back