Proposed Provision: H2. Starting in 2025, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2025-2044.

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

Year Current Law Provision
2024188188
2025171171
2026152153
2027134136
2028117120
2029101105
20308490
20316875
20325361
20333747
20342233
2035719
2036-95
2037-26-10
2038-43-26
2039-60-42
2040-78-58
2041-96-75
2042-115-92
2043-135-109
2044-154-127
2045-174-146
2046-194-164
2047-215-183
2048-235-202
2049-256-221
2050-277-240
2051-299-260
2052-320-280
2053-342-300
2054-364-321
2055-386-342
2056-409-363
2057-431-384
2058-455-406
2059-478-428
2060-502-451
2061-527-474
2062-553-498
2063-579-523
2064-605-548
2065-632-573
2066-660-599
2067-688-626
2068-716-653
2069-745-680
2070-774-708
2071-803-736
2072-834-764
2073-864-794
2074-895-823
2075-927-853
2076-960-884
2077-993-916
2078-1027-949
2079-1062-982
2080-1098-1016
2081-1134-1051
2082-1172-1086
2083-1209-1122
2084-1248-1159
2085-1287-1196
2086-1327-1234
2087-1368-1273
2088-1409-1312
2089-1450-1351
2090-1491-1390
2091-1532-1428
2092-1573-1467
2093-1612-1504
2094-1651-1541
2095-1689-1577
2096-1727-1613
2097-1764-1649
2098-1801-1684
2099-1838-1719
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