Proposed Provision: H9. Apply Federal income tax to all Social Security benefits for all beneficiaries with incomes above $100,000 for individual filers and $125,000 for joint filers, effective in 2028. These thresholds increase by CPI for years after 2028. Revenue from this provision would be credited to the Social Security trust funds.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 113 | 113 |
| 2029 | 95 | 96 |
| 2030 | 78 | 79 |
| 2031 | 60 | 62 |
| 2032 | 43 | 46 |
| 2033 | 26 | 29 |
| 2034 | 9 | 12 |
| 2035 | -9 | -4 |
| 2036 | -27 | -21 |
| 2037 | -45 | -39 |
| 2038 | -63 | -57 |
| 2039 | -83 | -75 |
| 2040 | -102 | -94 |
| 2041 | -122 | -113 |
| 2042 | -143 | -133 |
| 2043 | -164 | -153 |
| 2044 | -185 | -174 |
| 2045 | -206 | -194 |
| 2046 | -228 | -215 |
| 2047 | -250 | -236 |
| 2048 | -272 | -257 |
| 2049 | -295 | -279 |
| 2050 | -317 | -300 |
| 2051 | -340 | -322 |
| 2052 | -363 | -344 |
| 2053 | -386 | -366 |
| 2054 | -409 | -389 |
| 2055 | -433 | -411 |
| 2056 | -457 | -434 |
| 2057 | -481 | -457 |
| 2058 | -505 | -481 |
| 2059 | -530 | -505 |
| 2060 | -556 | -529 |
| 2061 | -582 | -554 |
| 2062 | -609 | -580 |
| 2063 | -636 | -606 |
| 2064 | -664 | -633 |
| 2065 | -692 | -660 |
| 2066 | -721 | -688 |
| 2067 | -750 | -716 |
| 2068 | -780 | -744 |
| 2069 | -810 | -773 |
| 2070 | -840 | -802 |
| 2071 | -871 | -832 |
| 2072 | -903 | -862 |
| 2073 | -935 | -893 |
| 2074 | -967 | -924 |
| 2075 | -1000 | -956 |
| 2076 | -1035 | -989 |
| 2077 | -1070 | -1022 |
| 2078 | -1106 | -1057 |
| 2079 | -1142 | -1092 |
| 2080 | -1180 | -1128 |
| 2081 | -1219 | -1165 |
| 2082 | -1258 | -1203 |
| 2083 | -1298 | -1241 |
| 2084 | -1338 | -1280 |
| 2085 | -1380 | -1320 |
| 2086 | -1423 | -1361 |
| 2087 | -1466 | -1402 |
| 2088 | -1510 | -1444 |
| 2089 | -1554 | -1487 |
| 2090 | -1599 | -1529 |
| 2091 | -1643 | -1571 |
| 2092 | -1687 | -1613 |
| 2093 | -1731 | -1655 |
| 2094 | -1774 | -1696 |
| 2095 | -1816 | -1737 |
| 2096 | -1858 | -1777 |
| 2097 | -1900 | -1816 |
| 2098 | -1941 | -1856 |
| 2099 | -1982 | -1894 |
| 2100 | -2022 | -1933 |
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