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 |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 257 |
| 2021 | 239 | 241 |
| 2022 | 223 | 225 |
| 2023 | 206 | 209 |
| 2024 | 188 | 192 |
| 2025 | 171 | 176 |
| 2026 | 154 | 160 |
| 2027 | 137 | 145 |
| 2028 | 120 | 129 |
| 2029 | 104 | 113 |
| 2030 | 86 | 98 |
| 2031 | 69 | 82 |
| 2032 | 51 | 65 |
| 2033 | 33 | 49 |
| 2034 | 14 | 32 |
| 2035 | -5 | 14 |
| 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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