Proposed Provision: H2. Starting in 2022, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2022-2041.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 197 |
| 2025 | 178 | 180 |
| 2026 | 159 | 162 |
| 2027 | 141 | 145 |
| 2028 | 122 | 128 |
| 2029 | 104 | 110 |
| 2030 | 85 | 93 |
| 2031 | 66 | 75 |
| 2032 | 46 | 57 |
| 2033 | 27 | 39 |
| 2034 | 7 | 21 |
| 2035 | -13 | 2 |
| 2036 | -33 | -16 |
| 2037 | -54 | -36 |
| 2038 | -76 | -55 |
| 2039 | -97 | -75 |
| 2040 | -119 | -96 |
| 2041 | -142 | -116 |
| 2042 | -165 | -137 |
| 2043 | -188 | -159 |
| 2044 | -211 | -180 |
| 2045 | -235 | -202 |
| 2046 | -258 | -224 |
| 2047 | -282 | -246 |
| 2048 | -306 | -268 |
| 2049 | -330 | -291 |
| 2050 | -354 | -313 |
| 2051 | -378 | -336 |
| 2052 | -403 | -359 |
| 2053 | -427 | -382 |
| 2054 | -452 | -405 |
| 2055 | -477 | -429 |
| 2056 | -502 | -452 |
| 2057 | -527 | -476 |
| 2058 | -552 | -500 |
| 2059 | -578 | -524 |
| 2060 | -604 | -548 |
| 2061 | -630 | -573 |
| 2062 | -657 | -599 |
| 2063 | -684 | -624 |
| 2064 | -712 | -651 |
| 2065 | -740 | -677 |
| 2066 | -768 | -704 |
| 2067 | -796 | -731 |
| 2068 | -825 | -759 |
| 2069 | -855 | -787 |
| 2070 | -884 | -815 |
| 2071 | -914 | -844 |
| 2072 | -945 | -873 |
| 2073 | -976 | -902 |
| 2074 | -1007 | -932 |
| 2075 | -1039 | -962 |
| 2076 | -1071 | -994 |
| 2077 | -1105 | -1026 |
| 2078 | -1139 | -1059 |
| 2079 | -1175 | -1093 |
| 2080 | -1211 | -1127 |
| 2081 | -1248 | -1162 |
| 2082 | -1286 | -1198 |
| 2083 | -1324 | -1235 |
| 2084 | -1363 | -1272 |
| 2085 | -1403 | -1310 |
| 2086 | -1443 | -1348 |
| 2087 | -1483 | -1386 |
| 2088 | -1524 | -1425 |
| 2089 | -1564 | -1464 |
| 2090 | -1604 | -1502 |
| 2091 | -1643 | -1539 |
| 2092 | -1681 | -1575 |
| 2093 | -1718 | -1610 |
| 2094 | -1754 | -1644 |
| 2095 | -1789 | -1678 |
| 2096 | -1825 | -1712 |
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