Proposed Provision: H5. Beginning in 2030, 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.

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

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316061
20324343
20332525
203477
2035-12-11
2036-31-31
2037-51-50
2038-70-70
2039-91-90
2040-112-111
2041-133-132
2042-154-154
2043-176-175
2044-198-197
2045-220-219
2046-243-241
2047-265-264
2048-288-286
2049-311-309
2050-333-332
2051-357-355
2052-380-378
2053-403-401
2054-427-425
2055-450-448
2056-474-472
2057-498-496
2058-522-520
2059-547-544
2060-572-569
2061-597-595
2062-623-621
2063-650-647
2064-677-675
2065-705-702
2066-733-730
2067-762-759
2068-791-788
2069-820-817
2070-850-847
2071-880-877
2072-911-908
2073-942-939
2074-974-970
2075-1006-1002
2076-1039-1036
2077-1074-1069
2078-1108-1104
2079-1144-1140
2080-1181-1176
2081-1218-1214
2082-1256-1251
2083-1294-1290
2084-1333-1329
2085-1373-1368
2086-1413-1408
2087-1453-1448
2088-1494-1488
2089-1534-1528
2090-1574-1568
2091-1613-1607
2092-1651-1645
2093-1689-1683
2094-1726-1720
2095-1762-1756
2096-1798-1792
2097-1833-1827
2098-1868-1862
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