Proposed Provision: Starting in 2017, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2017-2026.

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

Year Present Law Provision
2016303303
2017293293
2018277278
2019262263
2020246249
2021231236
2022216222
2023200207
2024183192
2025165177
2026149162
2027132147
2028115132
202998117
203081102
20316486
20324670
20332754
2034837
2035-1119
2036-302
2037-50-16
2038-71-35
2039-91-54
2040-112-73
2041-133-92
2042-154-111
2043-176-131
2044-197-151
2045-218-170
2046-240-190
2047-262-210
2048-283-230
2049-305-250
2050-327-270
2051-349-290
2052-371-310
2053-393-331
2054-415-351
2055-437-372
2056-460-393
2057-482-414
2058-506-436
2059-529-458
2060-553-480
2061-578-503
2062-603-526
2063-628-550
2064-654-574
2065-680-599
2066-706-624
2067-733-649
2068-760-675
2069-788-701
2070-816-727
2071-845-755
2072-874-782
2073-905-811
2074-935-840
2075-967-870
2076-1000-901
2077-1033-932
2078-1068-965
2079-1102-997
2080-1138-1031
2081-1173-1064
2082-1208-1097
2083-1243-1130
2084-1279-1164
2085-1314-1197
2086-1349-1230
2087-1384-1263
2088-1419-1297
2089-1455-1331
2090-1491-1365
2091-1528-1400
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