Proposed Provision: H6. Eliminate federal income taxation of OASDI benefits that is credited to the OASI and DI Trust Funds for 2054 and later. Phase out OASDI taxation of benefits by increasing relevant "income" thresholds from 2045 through 2053 as follows, for single/joint tax filers: (a) 2045 = $32,500/$65,000; (b) 2046 = $40,000/$80,000; (c) 2047 = $47,500/$95,000; (d) 2048 = $55,000/$110,000; (e) 2049 = $62,500/$125,000; (f) 2050 = $70,000/$140,000; (g) 2051 = $77,500/$155,000; (h) 2052 = $85,000/$170,000; and (i) 2053 = $92,500/$185,000. Taxation of benefits revenues for the Hospital Insurance (HI) Trust Fund would be maintained at the same level as if the current-law computation applied.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
201812.612.613.813.8
201912.912.914.014.0
202012.912.914.114.1
202112.912.914.314.3
202212.912.914.414.4
202313.013.014.614.6
202413.013.014.814.8
202513.013.015.015.0
202613.113.115.215.2
202713.213.215.415.4
202813.213.215.615.6
202913.213.215.815.8
203013.213.216.016.0
203113.213.216.216.2
203213.213.216.316.3
203313.213.216.516.5
203413.213.216.616.6
203513.313.316.716.7
203613.313.316.716.7
203713.313.316.816.8
203813.313.316.816.8
203913.313.316.816.8
204013.313.316.816.8
204113.313.316.816.8
204213.313.316.816.8
204313.313.316.716.7
204413.313.316.716.7
204513.313.216.716.7
204613.313.216.616.6
204713.313.116.616.6
204813.313.116.616.6
204913.313.116.616.6
205013.313.016.516.5
205113.313.016.516.5
205213.313.016.516.5
205313.312.916.516.5
205413.312.416.616.6
205513.312.416.616.6
205613.312.416.616.6
205713.312.416.716.7
205813.312.416.716.7
205913.312.416.816.8
206013.312.416.816.8
206113.312.416.916.9
206213.312.416.916.9
206313.312.417.017.0
206413.312.417.017.0
206513.312.417.117.1
206613.312.417.117.1
206713.312.417.217.2
206813.312.417.217.2
206913.312.417.317.3
207013.312.417.417.4
207113.312.417.417.4
207213.312.417.517.5
207313.312.417.517.5
207413.312.417.617.6
207513.412.417.617.6
207613.412.417.617.6
207713.412.417.617.6
207813.412.417.617.6
207913.412.417.617.6
208013.412.417.617.6
208113.412.417.617.6
208213.412.417.617.6
208313.412.417.617.6
208413.412.417.517.5
208513.412.417.517.5
208613.412.417.517.5
208713.412.417.517.5
208813.412.417.517.5
208913.412.417.617.6
209013.412.417.617.6
209113.412.417.617.6
209213.412.417.717.7
209313.412.417.717.7
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