Page:United States Statutes at Large Volume 70.djvu/876

 820

PUBLIC LtAW 880-AUG. 1, 1966

[70

STAT.

employment income (as defined in section 1402 of such Code) reported to the Commissioner of Internal Revenue on tax returns under such subchapter or to the Secretary of the Treasury or 7852."^^ 60 0 1]^j^ delegate on tax returns under subtitle F of such Code, as determined by the Secretary of the Treasury by applying the applicable rate of tax under such subchapter or chapter to such self-employment income, which self-employment income shall be certified by the Secretary of Health, Education, and Welfare on the basis of the records of self-employment income established and maintained by the Secretary of Health, Education, and Welfare in accordance with such returns, less the amounts specified in clause (2) of subsection (b) of this section. The amounts appropriated by clauses (3) and (4) shall be transferred from time to time from the general fund in the Treasury to the Federal Old-Age and Survivors Insurance Trust Fund, and the amounts appropriated by clauses (1) and (2) of subsection (b) shall be transferred from time to time from the general fund in the Treasury to the Federal Disability Insurance Trust Fund, such amounts to be determined on the basis of estimates by the Secretary of the Treasury of the taxes, specified in clauses (3) and (4) of this subsection, paid to or deposited into the Treasury; and proper adjustments shall be made in amounts subsequently transferred to the extent prior estimates were in excess of or were less than the taxes specified in such clauses (3) and (4) of this subsection, biut* *!n*8*ur?n'"e " ( ^) There is hereby created on the books of the Treasury of the Trust Fund. United States a trust fund to be known as the 'Federal Disability Insurance Trust Fund'. The Federal Disability Insurance Trust Fund shall consist of such amounts as may be appropriated to, or deposited Appropriation, jj^^ such f uud as provided in this section. There is hereby appropriated to the Federal Disability Insurance Trust Fund for the fiscal year ending June 30, 1957, and for each fiscal year thereafter, out of any moneys in the Treasury not otherwise appropriated, amounts equivalent to 100 per centum of— "(1) 1/^ of 1 per centum of the wages (as defined in section p*o"^(^p^p.^'824, ^^^^ ^^ *^^^ Internal Revenue Code of 1954) paid after December 839-84 il 843. ' 31, 1956, and reported to the Secretary of the Treasury or his delegate pursuant to subtitle F of the Internal Revenue Code of 7852."^^ 60 0 11954, which wages shall be certified by the Secretary of Health, Education, and Welfare on the basis of the records of wages established and maintained by such Secretary in accordance with such reports; and "(2) % of 1 per centum of the amount of self-employment 84^***'' ^^* *^^ income (as defined in section 1402 of the Internal Revenue Code of 1954) reported to the Secretary of the Treasury or his delegate on tax returns under subtitle F of the Internal Revenue Code of 78^52."^^ 60 0 1j[954 fQj. g^j^y taxable year beginning after December 31, 1956, which self-employment income shall be certified by the Secretary of Health, Education, and Welfare on the basis of the records of self-employment income established and maintained by the Secretary of Health, Education, and Welfare in accordance with such returns, tefs** %'AhJ Tmst " (^) With respect to the Federal Old-Age and Survivors Insurance Funds! * "^"^ Trust Fund and the Federal Disability Insurance Trust Fund (hereinafter in this title called the 'Trust Funds') there is hereby created a body to be known as the Board of Trustees of the Trust Funds (hereinafter in this title called the 'Board of Trustees') which Board of Trustees shall be composed of the Secretary of the Treasury, the Secretary of Labor, and the Secretary of Health, Education, and WeiManaging trus- fare, all ex officio. The Secretary of the Treasury shall be the Man-

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