Proposed Provision: H2. Starting in 2027, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2027-2046.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 112 |
| 2029 | 92 | 94 |
| 2030 | 74 | 76 |
| 2031 | 57 | 60 |
| 2032 | 40 | 44 |
| 2033 | 23 | 28 |
| 2034 | 7 | 13 |
| 2035 | -9 | -2 |
| 2036 | -25 | -17 |
| 2037 | -41 | -33 |
| 2038 | -58 | -49 |
| 2039 | -76 | -65 |
| 2040 | -94 | -82 |
| 2041 | -112 | -100 |
| 2042 | -132 | -118 |
| 2043 | -151 | -136 |
| 2044 | -171 | -156 |
| 2045 | -192 | -175 |
| 2046 | -213 | -195 |
| 2047 | -234 | -216 |
| 2048 | -256 | -237 |
| 2049 | -279 | -258 |
| 2050 | -301 | -280 |
| 2051 | -324 | -301 |
| 2052 | -347 | -324 |
| 2053 | -371 | -346 |
| 2054 | -395 | -370 |
| 2055 | -420 | -393 |
| 2056 | -445 | -417 |
| 2057 | -470 | -441 |
| 2058 | -496 | -466 |
| 2059 | -522 | -492 |
| 2060 | -550 | -518 |
| 2061 | -578 | -546 |
| 2062 | -607 | -573 |
| 2063 | -636 | -602 |
| 2064 | -666 | -631 |
| 2065 | -697 | -661 |
| 2066 | -729 | -692 |
| 2067 | -761 | -723 |
| 2068 | -794 | -755 |
| 2069 | -827 | -787 |
| 2070 | -861 | -820 |
| 2071 | -896 | -854 |
| 2072 | -931 | -888 |
| 2073 | -967 | -923 |
| 2074 | -1004 | -959 |
| 2075 | -1042 | -996 |
| 2076 | -1081 | -1034 |
| 2077 | -1121 | -1073 |
| 2078 | -1162 | -1113 |
| 2079 | -1204 | -1154 |
| 2080 | -1248 | -1196 |
| 2081 | -1292 | -1239 |
| 2082 | -1337 | -1283 |
| 2083 | -1384 | -1328 |
| 2084 | -1431 | -1374 |
| 2085 | -1480 | -1422 |
| 2086 | -1530 | -1470 |
| 2087 | -1581 | -1520 |
| 2088 | -1633 | -1571 |
| 2089 | -1686 | -1622 |
| 2090 | -1740 | -1675 |
| 2091 | -1795 | -1728 |
| 2092 | -1850 | -1781 |
| 2093 | -1906 | -1836 |
| 2094 | -1962 | -1890 |
| 2095 | -2019 | -1945 |
| 2096 | -2075 | -2000 |
| 2097 | -2132 | -2055 |
| 2098 | -2189 | -2111 |
| 2099 | -2246 | -2166 |
| 2100 | -2303 | -2221 |
| 2101 | -2359 | -2276 |
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