Proposed Provision: Starting in 2016, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2016-2025.

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

Year Present Law Provision
2015308308
2016298298
2017280281
2018264266
2019248252
2020233238
2021219225
2022204212
2023189198
2024173184
2025157171
2026142157
2027126143
2028110129
202994115
203077100
20316084
20324268
20332351
2034434
2035-1616
2036-36-3
2037-57-21
2038-78-41
2039-100-60
2040-122-80
2041-144-101
2042-166-121
2043-189-142
2044-211-162
2045-234-183
2046-257-205
2047-280-226
2048-303-247
2049-327-269
2050-351-291
2051-375-313
2052-398-335
2053-423-357
2054-447-380
2055-472-403
2056-496-426
2057-522-450
2058-548-474
2059-574-499
2060-601-524
2061-629-550
2062-657-576
2063-685-603
2064-714-630
2065-744-658
2066-774-686
2067-804-715
2068-835-744
2069-867-774
2070-899-804
2071-932-835
2072-965-867
2073-1000-899
2074-1035-933
2075-1072-967
2076-1110-1003
2077-1148-1039
2078-1188-1076
2079-1228-1114
2080-1268-1152
2081-1309-1191
2082-1350-1229
2083-1391-1268
2084-1432-1306
2085-1472-1345
2086-1514-1384
2087-1555-1423
2088-1597-1463
2089-1640-1503
2090-1683-1544
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