Proposed Provision: Tax Social Security benefits in a manner similar to private pension income beginning in 2011. Phase out the lower-income thresholds during 2011-2020.

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

Year Present Law Provision
2010355355
2011353353
2012350351
2013346348
2014341344
2015335341
2016330338
2017324335
2018317330
2019309325
2020299319
2021289311
2022277302
2023264293
2024251282
2025237270
2026221258
2027205244
2028189230
2029171215
2030154200
2031136185
2032117169
203398152
203479136
203559119
203639102
20371984
2038-166
2039-2149
2040-4231
2041-6313
2042-84-5
2043-105-23
2044-126-42
2045-147-60
2046-168-79
2047-189-97
2048-211-116
2049-233-135
2050-255-154
2051-277-174
2052-299-193
2053-321-213
2054-344-233
2055-366-253
2056-389-273
2057-412-294
2058-436-315
2059-460-336
2060-485-358
2061-509-380
2062-534-403
2063-560-426
2064-586-449
2065-612-472
2066-638-496
2067-665-520
2068-692-545
2069-720-570
2070-748-595
2071-776-621
2072-805-647
2073-834-673
2074-864-700
2075-894-728
2076-925-756
2077-957-785
2078-989-814
2079-1021-843
2080-1054-873
2081-1087-904
2082-1121-935
2083-1156-966
2084-1191-999
2085-1227-1031
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