Proposed Provision: H5. Beginning in 2033, 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
2026151151
2027131131
2028111111
20299292
20307474
20315757
20324040
20332323
203477
2035-9-9
2036-25-24
2037-41-41
2038-58-58
2039-76-75
2040-94-93
2041-112-111
2042-132-130
2043-151-150
2044-171-170
2045-192-190
2046-213-211
2047-234-233
2048-256-254
2049-279-277
2050-301-299
2051-324-322
2052-347-345
2053-371-368
2054-395-392
2055-420-417
2056-445-442
2057-470-467
2058-496-493
2059-522-519
2060-550-546
2061-578-574
2062-607-603
2063-636-632
2064-666-662
2065-697-693
2066-729-724
2067-761-756
2068-794-789
2069-827-822
2070-861-856
2071-896-890
2072-931-926
2073-967-962
2074-1004-998
2075-1042-1036
2076-1081-1075
2077-1121-1115
2078-1162-1156
2079-1204-1198
2080-1248-1241
2081-1292-1285
2082-1337-1330
2083-1384-1376
2084-1431-1424
2085-1480-1472
2086-1530-1522
2087-1581-1573
2088-1633-1625
2089-1686-1677
2090-1740-1731
2091-1795-1786
2092-1850-1841
2093-1906-1896
2094-1962-1952
2095-2019-2009
2096-2075-2065
2097-2132-2122
2098-2189-2178
2099-2246-2235
2100-2303-2292
2101-2359-2348
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