Proposed Provision: F7. For the estate tax, gift tax, and generation skipping transfer (GST) tax, return the respective exemption thresholds and tax rates to 2009 levels ($3.5 million threshold for estate tax with a top 45% tax rate) for deaths after 2022 and gifts made after 2022, with those levels not indexed in future years. All proceeds from the estate tax, gift tax, and GST tax would go to the OASI and DI Trust Funds.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2022230230
2023211211
2024194194
2025177179
2026160164
2027143150
2028126136
2029109121
203091107
20317492
20325778
20333963
20342148
2035333
2036-1617
2037-351
2038-54-15
2039-74-32
2040-95-49
2041-116-66
2042-137-83
2043-158-101
2044-180-119
2045-202-137
2046-224-155
2047-246-173
2048-268-192
2049-291-210
2050-313-229
2051-336-248
2052-359-267
2053-383-286
2054-406-306
2055-430-325
2056-453-345
2057-477-365
2058-501-385
2059-525-405
2060-550-426
2061-575-447
2062-601-468
2063-627-490
2064-654-512
2065-681-535
2066-708-558
2067-736-581
2068-764-605
2069-792-628
2070-821-652
2071-850-677
2072-880-702
2073-910-727
2074-940-753
2075-971-779
2076-1003-806
2077-1036-833
2078-1069-861
2079-1104-890
2080-1139-920
2081-1175-950
2082-1212-980
2083-1249-1011
2084-1286-1042
2085-1324-1074
2086-1363-1106
2087-1402-1138
2088-1442-1171
2089-1481-1203
2090-1520-1235
2091-1558-1266
2092-1595-1297
2093-1632-1327
2094-1668-1356
2095-1703-1385
2096-1738-1413
2097-1773-1441
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