Proposed Provision: H2. Starting in 2020, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2020-2039.

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

Year Current Law Provision
2019273273
2020260260
2021245246
2022229231
2023213215
2024197200
2025180184
2026163168
2027147153
2028130137
2029114122
203097106
20318091
20326375
20334659
20342843
20351026
2036-99
2037-28-9
2038-47-27
2039-67-45
2040-87-64
2041-108-83
2042-129-102
2043-150-121
2044-171-141
2045-192-160
2046-213-180
2047-234-199
2048-255-219
2049-276-239
2050-297-258
2051-318-278
2052-338-297
2053-359-317
2054-380-336
2055-401-356
2056-422-376
2057-444-396
2058-465-416
2059-487-436
2060-509-457
2061-531-478
2062-554-500
2063-577-522
2064-601-544
2065-625-567
2066-649-590
2067-674-613
2068-699-637
2069-724-661
2070-749-685
2071-776-710
2072-802-736
2073-830-762
2074-857-788
2075-885-815
2076-914-843
2077-944-871
2078-975-901
2079-1007-931
2080-1039-962
2081-1072-993
2082-1106-1025
2083-1139-1057
2084-1173-1089
2085-1207-1122
2086-1242-1154
2087-1275-1186
2088-1309-1218
2089-1342-1250
2090-1375-1281
2091-1407-1312
2092-1439-1342
2093-1471-1373
2094-1503-1404
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