Proposed Provision: H2. Starting in 2019, tax Social Security benefits in a manner similar to private pension income. Phase out the lower-income thresholds during 2019-2038.

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

Year Current Law Provision
2018288288
2019272272
2020256257
2021239241
2022223225
2023206209
2024188192
2025171176
2026154160
2027137145
2028120129
2029104113
20308698
20316982
20325165
20333349
20341432
2035-514
2036-25-5
2037-46-23
2038-67-43
2039-88-62
2040-110-82
2041-132-102
2042-154-123
2043-176-144
2044-199-165
2045-221-185
2046-244-206
2047-267-227
2048-289-248
2049-312-269
2050-335-291
2051-358-312
2052-381-333
2053-403-354
2054-426-376
2055-450-397
2056-473-419
2057-496-441
2058-520-463
2059-544-486
2060-569-509
2061-594-533
2062-619-557
2063-645-581
2064-671-606
2065-698-631
2066-725-656
2067-752-682
2068-780-709
2069-808-736
2070-837-763
2071-866-790
2072-896-819
2073-927-848
2074-958-878
2075-990-908
2076-1023-939
2077-1057-971
2078-1092-1005
2079-1128-1039
2080-1165-1073
2081-1202-1109
2082-1240-1144
2083-1278-1180
2084-1316-1217
2085-1354-1253
2086-1392-1289
2087-1430-1325
2088-1468-1361
2089-1505-1397
2090-1543-1432
2091-1580-1468
2092-1618-1503
2093-1655-1539
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