Proposed Provision: Starting in 2012, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2012-2031.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 341 |
| 2014 | 334 | 336 |
| 2015 | 328 | 330 |
| 2016 | 321 | 325 |
| 2017 | 314 | 319 |
| 2018 | 306 | 312 |
| 2019 | 296 | 304 |
| 2020 | 284 | 294 |
| 2021 | 272 | 284 |
| 2022 | 259 | 273 |
| 2023 | 245 | 261 |
| 2024 | 230 | 248 |
| 2025 | 214 | 235 |
| 2026 | 198 | 221 |
| 2027 | 181 | 207 |
| 2028 | 164 | 191 |
| 2029 | 145 | 175 |
| 2030 | 127 | 159 |
| 2031 | 107 | 142 |
| 2032 | 87 | 124 |
| 2033 | 67 | 107 |
| 2034 | 46 | 88 |
| 2035 | 25 | 70 |
| 2036 | 4 | 51 |
| 2037 | -18 | 31 |
| 2038 | -40 | 12 |
| 2039 | -62 | -8 |
| 2040 | -85 | -28 |
| 2041 | -108 | -48 |
| 2042 | -130 | -68 |
| 2043 | -153 | -89 |
| 2044 | -176 | -109 |
| 2045 | -200 | -130 |
| 2046 | -223 | -151 |
| 2047 | -247 | -172 |
| 2048 | -271 | -194 |
| 2049 | -295 | -215 |
| 2050 | -319 | -237 |
| 2051 | -343 | -259 |
| 2052 | -368 | -281 |
| 2053 | -393 | -304 |
| 2054 | -418 | -326 |
| 2055 | -443 | -349 |
| 2056 | -468 | -372 |
| 2057 | -494 | -396 |
| 2058 | -521 | -420 |
| 2059 | -548 | -444 |
| 2060 | -575 | -469 |
| 2061 | -602 | -494 |
| 2062 | -630 | -520 |
| 2063 | -659 | -546 |
| 2064 | -687 | -572 |
| 2065 | -716 | -598 |
| 2066 | -746 | -625 |
| 2067 | -775 | -652 |
| 2068 | -805 | -680 |
| 2069 | -835 | -707 |
| 2070 | -866 | -735 |
| 2071 | -897 | -764 |
| 2072 | -928 | -793 |
| 2073 | -960 | -822 |
| 2074 | -992 | -851 |
| 2075 | -1025 | -882 |
| 2076 | -1058 | -912 |
| 2077 | -1092 | -944 |
| 2078 | -1126 | -975 |
| 2079 | -1161 | -1008 |
| 2080 | -1196 | -1040 |
| 2081 | -1232 | -1073 |
| 2082 | -1268 | -1107 |
| 2083 | -1305 | -1141 |
| 2084 | -1342 | -1175 |
| 2085 | -1380 | -1211 |
| 2086 | -1419 | -1246 |
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