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 2025. 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 |
2023 | 204 | 204 |
2024 | 187 | 187 |
2025 | 168 | 168 |
2026 | 149 | 148 |
2027 | 131 | 129 |
2028 | 114 | 109 |
2029 | 96 | 90 |
2030 | 78 | 72 |
2031 | 60 | 53 |
2032 | 43 | 34 |
2033 | 25 | 15 |
2034 | 7 | -5 |
2035 | -12 | -25 |
2036 | -31 | -45 |
2037 | -51 | -66 |
2038 | -70 | -87 |
2039 | -91 | -108 |
2040 | -112 | -130 |
2041 | -133 | -153 |
2042 | -154 | -175 |
2043 | -176 | -198 |
2044 | -198 | -221 |
2045 | -220 | -244 |
2046 | -243 | -267 |
2047 | -265 | -291 |
2048 | -288 | -314 |
2049 | -311 | -338 |
2050 | -333 | -361 |
2051 | -357 | -385 |
2052 | -380 | -409 |
2053 | -403 | -433 |
2054 | -427 | -457 |
2055 | -450 | -481 |
2056 | -474 | -506 |
2057 | -498 | -530 |
2058 | -522 | -555 |
2059 | -547 | -580 |
2060 | -572 | -605 |
2061 | -597 | -631 |
2062 | -623 | -658 |
2063 | -650 | -685 |
2064 | -677 | -713 |
2065 | -705 | -741 |
2066 | -733 | -770 |
2067 | -762 | -799 |
2068 | -791 | -828 |
2069 | -820 | -858 |
2070 | -850 | -888 |
2071 | -880 | -919 |
2072 | -911 | -950 |
2073 | -942 | -981 |
2074 | -974 | -1013 |
2075 | -1006 | -1046 |
2076 | -1039 | -1080 |
2077 | -1074 | -1114 |
2078 | -1108 | -1149 |
2079 | -1144 | -1186 |
2080 | -1181 | -1223 |
2081 | -1218 | -1261 |
2082 | -1256 | -1299 |
2083 | -1294 | -1338 |
2084 | -1333 | -1377 |
2085 | -1373 | -1417 |
2086 | -1413 | -1458 |
2087 | -1453 | -1499 |
2088 | -1494 | -1540 |
2089 | -1534 | -1580 |
2090 | -1574 | -1621 |
2091 | -1613 | -1660 |
2092 | -1651 | -1699 |
2093 | -1689 | -1738 |
2094 | -1726 | -1775 |
2095 | -1762 | -1812 |
2096 | -1798 | -1848 |
2097 | -1833 | -1884 |
2098 | -1868 | -1919 |
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