Proposed Provision: H4. Increase the threshold for taxation of OASDI benefits to $50,000 for single filers and $100,000 for joint filers starting in 2023. Taxation of benefits revenues transferred to the Hospital Insurance (HI) Trust Fund would be the same as if the current-law computation applied.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 195 |
| 2025 | 178 | 175 |
| 2026 | 159 | 155 |
| 2027 | 141 | 136 |
| 2028 | 122 | 116 |
| 2029 | 104 | 96 |
| 2030 | 85 | 75 |
| 2031 | 66 | 55 |
| 2032 | 46 | 35 |
| 2033 | 27 | 14 |
| 2034 | 7 | -7 |
| 2035 | -13 | -28 |
| 2036 | -33 | -50 |
| 2037 | -54 | -72 |
| 2038 | -76 | -95 |
| 2039 | -97 | -118 |
| 2040 | -119 | -141 |
| 2041 | -142 | -165 |
| 2042 | -165 | -189 |
| 2043 | -188 | -213 |
| 2044 | -211 | -238 |
| 2045 | -235 | -262 |
| 2046 | -258 | -287 |
| 2047 | -282 | -312 |
| 2048 | -306 | -337 |
| 2049 | -330 | -362 |
| 2050 | -354 | -387 |
| 2051 | -378 | -412 |
| 2052 | -403 | -437 |
| 2053 | -427 | -463 |
| 2054 | -452 | -488 |
| 2055 | -477 | -514 |
| 2056 | -502 | -540 |
| 2057 | -527 | -565 |
| 2058 | -552 | -591 |
| 2059 | -578 | -617 |
| 2060 | -604 | -644 |
| 2061 | -630 | -671 |
| 2062 | -657 | -698 |
| 2063 | -684 | -726 |
| 2064 | -712 | -754 |
| 2065 | -740 | -782 |
| 2066 | -768 | -811 |
| 2067 | -796 | -840 |
| 2068 | -825 | -870 |
| 2069 | -855 | -899 |
| 2070 | -884 | -929 |
| 2071 | -914 | -960 |
| 2072 | -945 | -991 |
| 2073 | -976 | -1022 |
| 2074 | -1007 | -1054 |
| 2075 | -1039 | -1086 |
| 2076 | -1071 | -1119 |
| 2077 | -1105 | -1153 |
| 2078 | -1139 | -1188 |
| 2079 | -1175 | -1224 |
| 2080 | -1211 | -1261 |
| 2081 | -1248 | -1299 |
| 2082 | -1286 | -1337 |
| 2083 | -1324 | -1376 |
| 2084 | -1363 | -1415 |
| 2085 | -1403 | -1455 |
| 2086 | -1443 | -1496 |
| 2087 | -1483 | -1537 |
| 2088 | -1524 | -1578 |
| 2089 | -1564 | -1620 |
| 2090 | -1604 | -1660 |
| 2091 | -1643 | -1699 |
| 2092 | -1681 | -1738 |
| 2093 | -1718 | -1775 |
| 2094 | -1754 | -1812 |
| 2095 | -1789 | -1848 |
| 2096 | -1825 | -1884 |
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