Proposed Provision: Starting in 2015, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2015-2024.

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

Year Present Law Provision
2014320320
2015306306
2016292293
2017277279
2018262266
2019248252
2020233239
2021219226
2022203213
2023187199
2024171184
2025154169
2026137154
2027119138
2028101122
202983105
20306488
20314470
20322351
2033231
2034-2011
2035-42-9
2036-65-30
2037-88-51
2038-112-73
2039-136-95
2040-160-118
2041-185-140
2042-210-163
2043-235-186
2044-260-209
2045-285-233
2046-310-256
2047-336-280
2048-362-305
2049-388-329
2050-415-354
2051-442-378
2052-468-403
2053-495-429
2054-523-454
2055-550-480
2056-578-506
2057-606-533
2058-635-560
2059-664-587
2060-694-615
2061-725-644
2062-756-673
2063-787-703
2064-819-733
2065-852-763
2066-885-795
2067-918-826
2068-952-858
2069-987-891
2070-1022-924
2071-1057-958
2072-1094-993
2073-1132-1028
2074-1171-1065
2075-1210-1103
2076-1251-1141
2077-1293-1180
2078-1335-1220
2079-1378-1261
2080-1421-1301
2081-1464-1342
2082-1507-1383
2083-1550-1424
2084-1593-1465
2085-1636-1506
2086-1680-1547
2087-1724-1589
2088-1769-1631
2089-1814-1674
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