Proposed Provision: H4. Increase the threshold for taxation of OASDI benefits to $50,000 for single filers and $100,000 for joint filers starting in 2022. Taxation of benefits revenues transferred to the Hospital Insurance (HI) Trust Fund would be the same as if the current-law computation applied.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 215 |
| 2024 | 200 | 198 |
| 2025 | 183 | 179 |
| 2026 | 165 | 161 |
| 2027 | 148 | 142 |
| 2028 | 130 | 123 |
| 2029 | 112 | 104 |
| 2030 | 94 | 85 |
| 2031 | 76 | 65 |
| 2032 | 58 | 46 |
| 2033 | 39 | 26 |
| 2034 | 20 | 7 |
| 2035 | 1 | -14 |
| 2036 | -19 | -35 |
| 2037 | -38 | -56 |
| 2038 | -59 | -77 |
| 2039 | -80 | -99 |
| 2040 | -101 | -121 |
| 2041 | -122 | -143 |
| 2042 | -144 | -166 |
| 2043 | -166 | -189 |
| 2044 | -188 | -212 |
| 2045 | -210 | -235 |
| 2046 | -232 | -258 |
| 2047 | -255 | -281 |
| 2048 | -277 | -305 |
| 2049 | -299 | -328 |
| 2050 | -322 | -351 |
| 2051 | -344 | -374 |
| 2052 | -367 | -397 |
| 2053 | -389 | -421 |
| 2054 | -412 | -444 |
| 2055 | -434 | -467 |
| 2056 | -457 | -491 |
| 2057 | -480 | -514 |
| 2058 | -504 | -538 |
| 2059 | -527 | -562 |
| 2060 | -551 | -586 |
| 2061 | -575 | -611 |
| 2062 | -599 | -636 |
| 2063 | -624 | -661 |
| 2064 | -650 | -687 |
| 2065 | -676 | -713 |
| 2066 | -702 | -740 |
| 2067 | -728 | -767 |
| 2068 | -755 | -794 |
| 2069 | -782 | -821 |
| 2070 | -809 | -849 |
| 2071 | -837 | -877 |
| 2072 | -866 | -906 |
| 2073 | -895 | -936 |
| 2074 | -925 | -966 |
| 2075 | -955 | -997 |
| 2076 | -986 | -1028 |
| 2077 | -1018 | -1060 |
| 2078 | -1051 | -1093 |
| 2079 | -1084 | -1127 |
| 2080 | -1119 | -1162 |
| 2081 | -1154 | -1198 |
| 2082 | -1190 | -1234 |
| 2083 | -1226 | -1271 |
| 2084 | -1263 | -1308 |
| 2085 | -1300 | -1346 |
| 2086 | -1337 | -1383 |
| 2087 | -1374 | -1421 |
| 2088 | -1411 | -1459 |
| 2089 | -1448 | -1496 |
| 2090 | -1484 | -1532 |
| 2091 | -1520 | -1568 |
| 2092 | -1554 | -1604 |
| 2093 | -1589 | -1638 |
| 2094 | -1623 | -1673 |
| 2095 | -1657 | -1707 |
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