Proposed Provision: H4. Increase the threshold for taxation of OASDI benefits to $50,000 for single filers and $100,000 for joint filers starting in 2021. Taxation of benefits revenues transferred to the Hospital Insurance (HI) Trust Fund would be the same as if the current-law computation applied.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 228 |
| 2023 | 213 | 211 |
| 2024 | 197 | 193 |
| 2025 | 180 | 176 |
| 2026 | 163 | 158 |
| 2027 | 147 | 140 |
| 2028 | 130 | 122 |
| 2029 | 114 | 105 |
| 2030 | 97 | 87 |
| 2031 | 80 | 69 |
| 2032 | 63 | 51 |
| 2033 | 46 | 32 |
| 2034 | 28 | 13 |
| 2035 | 10 | -6 |
| 2036 | -9 | -26 |
| 2037 | -28 | -46 |
| 2038 | -47 | -67 |
| 2039 | -67 | -88 |
| 2040 | -87 | -109 |
| 2041 | -108 | -130 |
| 2042 | -129 | -152 |
| 2043 | -150 | -174 |
| 2044 | -171 | -196 |
| 2045 | -192 | -218 |
| 2046 | -213 | -240 |
| 2047 | -234 | -262 |
| 2048 | -255 | -283 |
| 2049 | -276 | -305 |
| 2050 | -297 | -327 |
| 2051 | -318 | -348 |
| 2052 | -338 | -370 |
| 2053 | -359 | -392 |
| 2054 | -380 | -413 |
| 2055 | -401 | -435 |
| 2056 | -422 | -456 |
| 2057 | -444 | -478 |
| 2058 | -465 | -500 |
| 2059 | -487 | -522 |
| 2060 | -509 | -545 |
| 2061 | -531 | -568 |
| 2062 | -554 | -591 |
| 2063 | -577 | -614 |
| 2064 | -601 | -638 |
| 2065 | -625 | -663 |
| 2066 | -649 | -688 |
| 2067 | -674 | -712 |
| 2068 | -699 | -738 |
| 2069 | -724 | -763 |
| 2070 | -749 | -789 |
| 2071 | -776 | -816 |
| 2072 | -802 | -843 |
| 2073 | -830 | -871 |
| 2074 | -857 | -899 |
| 2075 | -885 | -927 |
| 2076 | -914 | -957 |
| 2077 | -944 | -987 |
| 2078 | -975 | -1018 |
| 2079 | -1007 | -1050 |
| 2080 | -1039 | -1083 |
| 2081 | -1072 | -1117 |
| 2082 | -1106 | -1151 |
| 2083 | -1139 | -1185 |
| 2084 | -1173 | -1219 |
| 2085 | -1207 | -1254 |
| 2086 | -1242 | -1289 |
| 2087 | -1275 | -1323 |
| 2088 | -1309 | -1357 |
| 2089 | -1342 | -1391 |
| 2090 | -1375 | -1424 |
| 2091 | -1407 | -1456 |
| 2092 | -1439 | -1489 |
| 2093 | -1471 | -1521 |
| 2094 | -1503 | -1553 |
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