Proposed Provision: Starting in 2014, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2014-2023.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 302 |
| 2016 | 286 | 287 |
| 2017 | 271 | 274 |
| 2018 | 257 | 262 |
| 2019 | 244 | 251 |
| 2020 | 231 | 239 |
| 2021 | 218 | 228 |
| 2022 | 204 | 215 |
| 2023 | 189 | 202 |
| 2024 | 173 | 189 |
| 2025 | 158 | 175 |
| 2026 | 142 | 161 |
| 2027 | 125 | 146 |
| 2028 | 108 | 131 |
| 2029 | 90 | 114 |
| 2030 | 71 | 98 |
| 2031 | 52 | 80 |
| 2032 | 31 | 61 |
| 2033 | 11 | 42 |
| 2034 | -11 | 23 |
| 2035 | -32 | 3 |
| 2036 | -55 | -18 |
| 2037 | -78 | -39 |
| 2038 | -101 | -60 |
| 2039 | -124 | -82 |
| 2040 | -148 | -103 |
| 2041 | -172 | -126 |
| 2042 | -196 | -148 |
| 2043 | -220 | -170 |
| 2044 | -245 | -193 |
| 2045 | -269 | -216 |
| 2046 | -294 | -239 |
| 2047 | -319 | -262 |
| 2048 | -345 | -286 |
| 2049 | -371 | -310 |
| 2050 | -397 | -334 |
| 2051 | -423 | -358 |
| 2052 | -449 | -383 |
| 2053 | -476 | -407 |
| 2054 | -502 | -432 |
| 2055 | -530 | -458 |
| 2056 | -557 | -483 |
| 2057 | -585 | -509 |
| 2058 | -613 | -536 |
| 2059 | -642 | -563 |
| 2060 | -671 | -591 |
| 2061 | -701 | -619 |
| 2062 | -732 | -648 |
| 2063 | -763 | -677 |
| 2064 | -794 | -706 |
| 2065 | -826 | -736 |
| 2066 | -859 | -767 |
| 2067 | -892 | -798 |
| 2068 | -925 | -829 |
| 2069 | -959 | -861 |
| 2070 | -993 | -894 |
| 2071 | -1028 | -927 |
| 2072 | -1064 | -961 |
| 2073 | -1101 | -996 |
| 2074 | -1139 | -1032 |
| 2075 | -1178 | -1068 |
| 2076 | -1217 | -1106 |
| 2077 | -1258 | -1144 |
| 2078 | -1299 | -1183 |
| 2079 | -1340 | -1222 |
| 2080 | -1382 | -1262 |
| 2081 | -1424 | -1301 |
| 2082 | -1466 | -1341 |
| 2083 | -1508 | -1380 |
| 2084 | -1550 | -1420 |
| 2085 | -1592 | -1460 |
| 2086 | -1635 | -1501 |
| 2087 | -1678 | -1542 |
| 2088 | -1722 | -1583 |
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