Page:United States Statutes at Large Volume 86.djvu/463

 86 STAT. ]

PUBLIC LAW 92.336-JULY 1, 1972

(B) by striking out ''and" at the end of paragraph (3); and (C) by striking out paragraph (4) and inserting in lieu thereof the following: "(4) in the case of any taxable year beginning after December 31, 1977, and before January 1, 2011, the tax shall be equal to 6.7 percent of the amount of the self-employment income for such taxable year; and "(5) in the case of any taxable year beginning after December 31, 2010, the tax shall be equal to 7.0 percent of the amount of the self-employment income for such taxable year." [2) Section 3101(a) of such Code (relating to rate of tax on employees for purposes of old-age, survivors, and disability insurance) IS amended— (A) by striking out "the calendar years 1971 and 1972" in paragraph (3) ana inserting in lieu thereof "any of the calendar years 1971 through 1977"; and (B) by striking out paragraphs (4) and (5) and inserting in lieu thereof the following: " (4) with respect to wages received during any of the calendar years 1978 through 2010, m e rate shaili be 4.5 percent; and "(5) with respect to wages received after December 31, 2010, the rate shall be 5.35 percent." (3) Section 3111(a) of such Code (relating to rate of tax on employers for purposes of old-age, survivors, and disability insurance) IS amended— ^ (A) by striking out "the calendar years 1971 and 1972" in paragraph (h) and inserting in lieu thereof "any of the calendar years 1971 through 1977"; and (B) by striking out paragraphs (4) and (5) and inserting in lieu thereof the tollowing: "(4) with respect to wages paid during any of the calendar years 1978 through 2010, the rate shall be 4.5 percent; and "(5) with respect to wages paid after December 31, 2010, the rate shall be 5.35 percent." (b)(1) Section 1401(b) of such Code (relating to rate of tax on self-employment income for purposes of hospital insurance) is amended by striking out paragraphs (2) through (5) and inserting in lieu thereof the following: "(2) in the case of any taxable year beginning after December 31, 1972, and before January 1, 1978, the tax shall be equal to 0.9 percent of the amount of the self-employment income for such taxable year; "(3) in the case of any taxable year beginning after December 31, 1977, and before January 1, 1986, the tax shall be equal to 1.0 percent of the amount of the self-employment income for such taxable year; "(4) in the case of any taxable year beginning after December 31, 1985, and before January 1, 1993, the tax shall be equal to 1.1 percent of the amount of the self-employment income for such taxable year; and "(5) in the case of any taxable year beginning after December 31, 1992, the tax shall be equal to 1.2 percent of the amount of the self-employment income for such taxable year." (2) Section 3101(b) of such Code (relating to rate of tax on employees for purposes of hospital insurance) is amended by striking out paragraphs (2) through (5) and inserting in lieu thereof the following:

421

si Stat. 836. ^^ "®^ ^*°^*

as Stat. ii.

® ®**'- ^3^^

�