Proposed Provision: H2. Starting in 2026, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2026-2045.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2025 | 169 | 169 |
| 2026 | 149 | 149 |
| 2027 | 131 | 132 |
| 2028 | 113 | 115 |
| 2029 | 95 | 98 |
| 2030 | 78 | 82 |
| 2031 | 60 | 65 |
| 2032 | 43 | 49 |
| 2033 | 26 | 33 |
| 2034 | 9 | 17 |
| 2035 | -9 | 1 |
| 2036 | -27 | -15 |
| 2037 | -45 | -32 |
| 2038 | -63 | -49 |
| 2039 | -83 | -66 |
| 2040 | -102 | -84 |
| 2041 | -122 | -103 |
| 2042 | -143 | -122 |
| 2043 | -164 | -141 |
| 2044 | -185 | -161 |
| 2045 | -206 | -181 |
| 2046 | -228 | -201 |
| 2047 | -250 | -221 |
| 2048 | -272 | -242 |
| 2049 | -295 | -262 |
| 2050 | -317 | -283 |
| 2051 | -340 | -305 |
| 2052 | -363 | -326 |
| 2053 | -386 | -348 |
| 2054 | -409 | -370 |
| 2055 | -433 | -392 |
| 2056 | -457 | -414 |
| 2057 | -481 | -437 |
| 2058 | -505 | -460 |
| 2059 | -530 | -484 |
| 2060 | -556 | -508 |
| 2061 | -582 | -533 |
| 2062 | -609 | -558 |
| 2063 | -636 | -584 |
| 2064 | -664 | -611 |
| 2065 | -692 | -638 |
| 2066 | -721 | -665 |
| 2067 | -750 | -693 |
| 2068 | -780 | -721 |
| 2069 | -810 | -750 |
| 2070 | -840 | -779 |
| 2071 | -871 | -808 |
| 2072 | -903 | -838 |
| 2073 | -935 | -869 |
| 2074 | -967 | -900 |
| 2075 | -1000 | -932 |
| 2076 | -1035 | -965 |
| 2077 | -1070 | -998 |
| 2078 | -1106 | -1032 |
| 2079 | -1142 | -1068 |
| 2080 | -1180 | -1104 |
| 2081 | -1219 | -1140 |
| 2082 | -1258 | -1178 |
| 2083 | -1298 | -1216 |
| 2084 | -1338 | -1255 |
| 2085 | -1380 | -1295 |
| 2086 | -1423 | -1336 |
| 2087 | -1466 | -1377 |
| 2088 | -1510 | -1419 |
| 2089 | -1554 | -1461 |
| 2090 | -1599 | -1504 |
| 2091 | -1643 | -1546 |
| 2092 | -1687 | -1588 |
| 2093 | -1731 | -1629 |
| 2094 | -1774 | -1671 |
| 2095 | -1816 | -1711 |
| 2096 | -1858 | -1751 |
| 2097 | -1900 | -1791 |
| 2098 | -1941 | -1830 |
| 2099 | -1982 | -1869 |
| 2100 | -2022 | -1908 |
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