Proposed Provision: Starting in 2013, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2013-2032.
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 | 292 |
| 2017 | 277 | 281 |
| 2018 | 265 | 270 |
| 2019 | 253 | 260 |
| 2020 | 240 | 248 |
| 2021 | 227 | 236 |
| 2022 | 212 | 223 |
| 2023 | 197 | 210 |
| 2024 | 181 | 196 |
| 2025 | 164 | 181 |
| 2026 | 147 | 166 |
| 2027 | 129 | 150 |
| 2028 | 110 | 133 |
| 2029 | 90 | 115 |
| 2030 | 70 | 97 |
| 2031 | 49 | 78 |
| 2032 | 27 | 59 |
| 2033 | 5 | 39 |
| 2034 | -18 | 18 |
| 2035 | -41 | -3 |
| 2036 | -65 | -24 |
| 2037 | -89 | -46 |
| 2038 | -114 | -68 |
| 2039 | -138 | -91 |
| 2040 | -163 | -114 |
| 2041 | -189 | -137 |
| 2042 | -215 | -160 |
| 2043 | -240 | -184 |
| 2044 | -266 | -207 |
| 2045 | -292 | -231 |
| 2046 | -319 | -255 |
| 2047 | -346 | -280 |
| 2048 | -373 | -305 |
| 2049 | -400 | -330 |
| 2050 | -428 | -355 |
| 2051 | -456 | -381 |
| 2052 | -484 | -406 |
| 2053 | -512 | -432 |
| 2054 | -540 | -459 |
| 2055 | -569 | -485 |
| 2056 | -598 | -512 |
| 2057 | -628 | -539 |
| 2058 | -657 | -567 |
| 2059 | -688 | -595 |
| 2060 | -719 | -624 |
| 2061 | -750 | -653 |
| 2062 | -782 | -682 |
| 2063 | -814 | -712 |
| 2064 | -847 | -742 |
| 2065 | -880 | -773 |
| 2066 | -913 | -804 |
| 2067 | -946 | -835 |
| 2068 | -980 | -866 |
| 2069 | -1014 | -898 |
| 2070 | -1049 | -930 |
| 2071 | -1084 | -963 |
| 2072 | -1120 | -996 |
| 2073 | -1156 | -1030 |
| 2074 | -1193 | -1064 |
| 2075 | -1230 | -1099 |
| 2076 | -1268 | -1134 |
| 2077 | -1307 | -1170 |
| 2078 | -1346 | -1207 |
| 2079 | -1385 | -1243 |
| 2080 | -1425 | -1281 |
| 2081 | -1465 | -1318 |
| 2082 | -1505 | -1356 |
| 2083 | -1547 | -1395 |
| 2084 | -1588 | -1434 |
| 2085 | -1631 | -1473 |
| 2086 | -1673 | -1514 |
| 2087 | -1717 | -1554 |
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