Proposed Provision: Starting in 2012, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2012-2021.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2011 | 353 | 353 |
| 2012 | 347 | 347 |
| 2013 | 341 | 342 |
| 2014 | 334 | 336 |
| 2015 | 328 | 331 |
| 2016 | 321 | 327 |
| 2017 | 314 | 322 |
| 2018 | 306 | 316 |
| 2019 | 296 | 309 |
| 2020 | 284 | 300 |
| 2021 | 272 | 290 |
| 2022 | 259 | 280 |
| 2023 | 245 | 269 |
| 2024 | 230 | 257 |
| 2025 | 214 | 244 |
| 2026 | 198 | 230 |
| 2027 | 181 | 216 |
| 2028 | 164 | 201 |
| 2029 | 145 | 185 |
| 2030 | 127 | 169 |
| 2031 | 107 | 152 |
| 2032 | 87 | 134 |
| 2033 | 67 | 117 |
| 2034 | 46 | 98 |
| 2035 | 25 | 80 |
| 2036 | 4 | 61 |
| 2037 | -18 | 42 |
| 2038 | -40 | 22 |
| 2039 | -62 | 3 |
| 2040 | -85 | -17 |
| 2041 | -108 | -37 |
| 2042 | -130 | -57 |
| 2043 | -153 | -77 |
| 2044 | -176 | -98 |
| 2045 | -200 | -118 |
| 2046 | -223 | -139 |
| 2047 | -247 | -160 |
| 2048 | -271 | -182 |
| 2049 | -295 | -203 |
| 2050 | -319 | -225 |
| 2051 | -343 | -247 |
| 2052 | -368 | -269 |
| 2053 | -393 | -291 |
| 2054 | -418 | -313 |
| 2055 | -443 | -336 |
| 2056 | -468 | -359 |
| 2057 | -494 | -382 |
| 2058 | -521 | -406 |
| 2059 | -548 | -430 |
| 2060 | -575 | -455 |
| 2061 | -602 | -480 |
| 2062 | -630 | -505 |
| 2063 | -659 | -531 |
| 2064 | -687 | -557 |
| 2065 | -716 | -583 |
| 2066 | -746 | -610 |
| 2067 | -775 | -637 |
| 2068 | -805 | -664 |
| 2069 | -835 | -692 |
| 2070 | -866 | -719 |
| 2071 | -897 | -748 |
| 2072 | -928 | -777 |
| 2073 | -960 | -806 |
| 2074 | -992 | -835 |
| 2075 | -1025 | -865 |
| 2076 | -1058 | -896 |
| 2077 | -1092 | -927 |
| 2078 | -1126 | -958 |
| 2079 | -1161 | -990 |
| 2080 | -1196 | -1023 |
| 2081 | -1232 | -1055 |
| 2082 | -1268 | -1089 |
| 2083 | -1305 | -1123 |
| 2084 | -1342 | -1157 |
| 2085 | -1380 | -1192 |
| 2086 | -1419 | -1227 |
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