Proposed Provision: Tax Social Security benefits in a manner similar to private pension income beginning in 2006. Phase out the lower-income thresholds during 2006-2015.

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

Year Present Law Provision
2005320320
2006337337
2007355356
2008370372
2009383386
2010394399
2011404411
2012410420
2013415428
2014417434
2015418438
2016416439
2017412439
2018407437
2019401434
2020393429
2021383422
2022372414
2023360404
2024346394
2025332382
2026316369
2027299354
2028282340
2029264324
2030245308
2031225291
2032205274
2033185256
2034164238
2035143220
2036121201
203799182
203877162
203954143
204031123
20417102
2042-1781
2043-4160
2044-6638
2045-9116
2046-117-6
2047-143-29
2048-169-52
2049-196-75
2050-223-99
2051-251-123
2052-279-148
2053-308-173
2054-337-199
2055-367-225
2056-397-252
2057-428-279
2058-460-307
2059-492-335
2060-525-364
2061-558-394
2062-592-424
2063-626-455
2064-661-486
2065-697-518
2066-734-551
2067-772-585
2068-810-619
2069-849-654
2070-889-690
2071-930-726
2072-971-764
2073-1014-802
2074-1057-841
2075-1101-880
2076-1146-921
2077-1192-962
2078-1238-1003
2079-1286-1046
2080-1334-1089
2081-1383-1134
2082-1433-1179
2083-1484-1224
2084-1536-1271
2085-1589-1319
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