Proposed Provision: H2. Starting in 2024, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2024-2043.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 169 |
| 2026 | 149 | 151 |
| 2027 | 131 | 134 |
| 2028 | 114 | 117 |
| 2029 | 96 | 100 |
| 2030 | 78 | 84 |
| 2031 | 60 | 67 |
| 2032 | 43 | 51 |
| 2033 | 25 | 34 |
| 2034 | 7 | 17 |
| 2035 | -12 | 0 |
| 2036 | -31 | -17 |
| 2037 | -51 | -35 |
| 2038 | -70 | -54 |
| 2039 | -91 | -73 |
| 2040 | -112 | -92 |
| 2041 | -133 | -111 |
| 2042 | -154 | -131 |
| 2043 | -176 | -152 |
| 2044 | -198 | -172 |
| 2045 | -220 | -193 |
| 2046 | -243 | -213 |
| 2047 | -265 | -234 |
| 2048 | -288 | -255 |
| 2049 | -311 | -277 |
| 2050 | -333 | -298 |
| 2051 | -357 | -320 |
| 2052 | -380 | -342 |
| 2053 | -403 | -364 |
| 2054 | -427 | -386 |
| 2055 | -450 | -408 |
| 2056 | -474 | -430 |
| 2057 | -498 | -453 |
| 2058 | -522 | -476 |
| 2059 | -547 | -499 |
| 2060 | -572 | -523 |
| 2061 | -597 | -547 |
| 2062 | -623 | -572 |
| 2063 | -650 | -598 |
| 2064 | -677 | -624 |
| 2065 | -705 | -650 |
| 2066 | -733 | -677 |
| 2067 | -762 | -704 |
| 2068 | -791 | -732 |
| 2069 | -820 | -760 |
| 2070 | -850 | -789 |
| 2071 | -880 | -818 |
| 2072 | -911 | -847 |
| 2073 | -942 | -877 |
| 2074 | -974 | -907 |
| 2075 | -1006 | -938 |
| 2076 | -1039 | -970 |
| 2077 | -1074 | -1002 |
| 2078 | -1108 | -1036 |
| 2079 | -1144 | -1070 |
| 2080 | -1181 | -1105 |
| 2081 | -1218 | -1141 |
| 2082 | -1256 | -1177 |
| 2083 | -1294 | -1214 |
| 2084 | -1333 | -1251 |
| 2085 | -1373 | -1289 |
| 2086 | -1413 | -1327 |
| 2087 | -1453 | -1365 |
| 2088 | -1494 | -1404 |
| 2089 | -1534 | -1442 |
| 2090 | -1574 | -1480 |
| 2091 | -1613 | -1518 |
| 2092 | -1651 | -1554 |
| 2093 | -1689 | -1590 |
| 2094 | -1726 | -1626 |
| 2095 | -1762 | -1660 |
| 2096 | -1798 | -1695 |
| 2097 | -1833 | -1728 |
| 2098 | -1868 | -1762 |
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