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 2022. 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
2020261261
2021248248
2022233233
2023217215
2024200198
2025183179
2026165161
2027148142
2028130123
2029112104
20309485
20317665
20325846
20333926
2034207
20351-14
2036-19-35
2037-38-56
2038-59-77
2039-80-99
2040-101-121
2041-122-143
2042-144-166
2043-166-189
2044-188-212
2045-210-235
2046-232-258
2047-255-281
2048-277-305
2049-299-328
2050-322-351
2051-344-374
2052-367-397
2053-389-421
2054-412-444
2055-434-467
2056-457-491
2057-480-514
2058-504-538
2059-527-562
2060-551-586
2061-575-611
2062-599-636
2063-624-661
2064-650-687
2065-676-713
2066-702-740
2067-728-767
2068-755-794
2069-782-821
2070-809-849
2071-837-877
2072-866-906
2073-895-936
2074-925-966
2075-955-997
2076-986-1028
2077-1018-1060
2078-1051-1093
2079-1084-1127
2080-1119-1162
2081-1154-1198
2082-1190-1234
2083-1226-1271
2084-1263-1308
2085-1300-1346
2086-1337-1383
2087-1374-1421
2088-1411-1459
2089-1448-1496
2090-1484-1532
2091-1520-1568
2092-1554-1604
2093-1589-1638
2094-1623-1673
2095-1657-1707
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