Proposed Provision: H2. Starting in 2021, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2021-2040.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 218 |
| 2024 | 200 | 202 |
| 2025 | 183 | 186 |
| 2026 | 165 | 169 |
| 2027 | 148 | 153 |
| 2028 | 130 | 136 |
| 2029 | 112 | 119 |
| 2030 | 94 | 102 |
| 2031 | 76 | 85 |
| 2032 | 58 | 68 |
| 2033 | 39 | 51 |
| 2034 | 20 | 34 |
| 2035 | 1 | 16 |
| 2036 | -19 | -2 |
| 2037 | -38 | -20 |
| 2038 | -59 | -39 |
| 2039 | -80 | -58 |
| 2040 | -101 | -78 |
| 2041 | -122 | -97 |
| 2042 | -144 | -118 |
| 2043 | -166 | -138 |
| 2044 | -188 | -158 |
| 2045 | -210 | -179 |
| 2046 | -232 | -200 |
| 2047 | -255 | -221 |
| 2048 | -277 | -242 |
| 2049 | -299 | -262 |
| 2050 | -322 | -283 |
| 2051 | -344 | -305 |
| 2052 | -367 | -326 |
| 2053 | -389 | -347 |
| 2054 | -412 | -368 |
| 2055 | -434 | -389 |
| 2056 | -457 | -411 |
| 2057 | -480 | -433 |
| 2058 | -504 | -455 |
| 2059 | -527 | -477 |
| 2060 | -551 | -499 |
| 2061 | -575 | -522 |
| 2062 | -599 | -546 |
| 2063 | -624 | -569 |
| 2064 | -650 | -593 |
| 2065 | -676 | -618 |
| 2066 | -702 | -643 |
| 2067 | -728 | -668 |
| 2068 | -755 | -694 |
| 2069 | -782 | -719 |
| 2070 | -809 | -746 |
| 2071 | -837 | -772 |
| 2072 | -866 | -800 |
| 2073 | -895 | -828 |
| 2074 | -925 | -856 |
| 2075 | -955 | -885 |
| 2076 | -986 | -915 |
| 2077 | -1018 | -945 |
| 2078 | -1051 | -976 |
| 2079 | -1084 | -1009 |
| 2080 | -1119 | -1042 |
| 2081 | -1154 | -1075 |
| 2082 | -1190 | -1109 |
| 2083 | -1226 | -1144 |
| 2084 | -1263 | -1179 |
| 2085 | -1300 | -1214 |
| 2086 | -1337 | -1250 |
| 2087 | -1374 | -1286 |
| 2088 | -1411 | -1321 |
| 2089 | -1448 | -1356 |
| 2090 | -1484 | -1391 |
| 2091 | -1520 | -1424 |
| 2092 | -1554 | -1458 |
| 2093 | -1589 | -1491 |
| 2094 | -1623 | -1523 |
| 2095 | -1657 | -1556 |
back