Proposed Provision: Starting in 2013, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2013-2022.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2012 | 340 | 340 |
| 2013 | 329 | 329 |
| 2014 | 315 | 316 |
| 2015 | 302 | 304 |
| 2016 | 290 | 293 |
| 2017 | 277 | 283 |
| 2018 | 265 | 273 |
| 2019 | 253 | 263 |
| 2020 | 240 | 252 |
| 2021 | 227 | 241 |
| 2022 | 212 | 229 |
| 2023 | 197 | 216 |
| 2024 | 181 | 202 |
| 2025 | 164 | 188 |
| 2026 | 147 | 173 |
| 2027 | 129 | 158 |
| 2028 | 110 | 141 |
| 2029 | 90 | 124 |
| 2030 | 70 | 106 |
| 2031 | 49 | 87 |
| 2032 | 27 | 67 |
| 2033 | 5 | 47 |
| 2034 | -18 | 27 |
| 2035 | -41 | 6 |
| 2036 | -65 | -15 |
| 2037 | -89 | -37 |
| 2038 | -114 | -59 |
| 2039 | -138 | -82 |
| 2040 | -163 | -104 |
| 2041 | -189 | -127 |
| 2042 | -215 | -151 |
| 2043 | -240 | -174 |
| 2044 | -266 | -197 |
| 2045 | -292 | -221 |
| 2046 | -319 | -245 |
| 2047 | -346 | -270 |
| 2048 | -373 | -294 |
| 2049 | -400 | -319 |
| 2050 | -428 | -344 |
| 2051 | -456 | -370 |
| 2052 | -484 | -395 |
| 2053 | -512 | -421 |
| 2054 | -540 | -447 |
| 2055 | -569 | -474 |
| 2056 | -598 | -500 |
| 2057 | -628 | -527 |
| 2058 | -657 | -555 |
| 2059 | -688 | -583 |
| 2060 | -719 | -611 |
| 2061 | -750 | -640 |
| 2062 | -782 | -670 |
| 2063 | -814 | -699 |
| 2064 | -847 | -729 |
| 2065 | -880 | -760 |
| 2066 | -913 | -790 |
| 2067 | -946 | -821 |
| 2068 | -980 | -852 |
| 2069 | -1014 | -884 |
| 2070 | -1049 | -916 |
| 2071 | -1084 | -949 |
| 2072 | -1120 | -982 |
| 2073 | -1156 | -1015 |
| 2074 | -1193 | -1049 |
| 2075 | -1230 | -1084 |
| 2076 | -1268 | -1119 |
| 2077 | -1307 | -1155 |
| 2078 | -1346 | -1192 |
| 2079 | -1385 | -1228 |
| 2080 | -1425 | -1265 |
| 2081 | -1465 | -1302 |
| 2082 | -1505 | -1340 |
| 2083 | -1547 | -1379 |
| 2084 | -1588 | -1417 |
| 2085 | -1631 | -1457 |
| 2086 | -1673 | -1497 |
| 2087 | -1717 | -1538 |
back