Proposed Provision: Starting in 2014, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2014-2033.

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

Year Present Law Provision
2013330330
2014315315
2015301301
2016286287
2017271273
2018257261
2019244249
2020231237
2021218225
2022204212
2023189198
2024173185
2025158170
2026142156
2027125141
2028108125
202990109
20307192
20315274
20323156
20331137
2034-1117
2035-32-3
2036-55-24
2037-78-45
2038-101-66
2039-124-88
2040-148-110
2041-172-132
2042-196-155
2043-220-177
2044-245-200
2045-269-223
2046-294-246
2047-319-269
2048-345-293
2049-371-317
2050-397-341
2051-423-366
2052-449-390
2053-476-415
2054-502-440
2055-530-466
2056-557-491
2057-585-517
2058-613-544
2059-642-571
2060-671-599
2061-701-627
2062-732-656
2063-763-685
2064-794-715
2065-826-745
2066-859-776
2067-892-807
2068-925-839
2069-959-871
2070-993-903
2071-1028-936
2072-1064-971
2073-1101-1006
2074-1139-1041
2075-1178-1078
2076-1217-1116
2077-1258-1154
2078-1299-1193
2079-1340-1232
2080-1382-1272
2081-1424-1312
2082-1466-1351
2083-1508-1391
2084-1550-1431
2085-1592-1471
2086-1635-1512
2087-1678-1553
2088-1722-1595
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