Page:United States Statutes at Large Volume 91.djvu/1546

 91 STAT. 1512

PUBLIC LAW 95-216—DEC. 20, 1977

out paragraphs (1) through (4) and inserting in lieu thereof the following: "(1) with respect to wages received during the calendar years 1974 through 1977, the rate shall be 0.90 percent; " (2) with respect to wages received during the calendar year 1978, the rate shall be 1.00 percent; .^. "(3) with respect to wages received during the calendar years ' 1979 and 1980, the rate shall be 1.05 percent; "(4) with respect to wages received during the calendar years 1981 through 1984, the rate shall be 1.30 percent; "(5) with respect to wages received during the calendar year 1985, the rate shall be 1.35 percent; and "(6) with respect to wages received after December 31, 1985, the rate shall be 1.45 percent.". 26 USC 3111. (2) Section 3111(b) of such Code (relating to rate of tax on employers for purposes of hospital insurance) is amended by striking out paragraphs (1) through (4) and inserting in lieu thereof the following: " (1) with respect to wages paid during the calendar years 1974 through 1977, the rate shall be 0.90 percent; " (2) with respect to wages paid during the calendar year 1978, the rate shall be 1.00 percent; "(3) with respect to wages paid during the calendar years 1979 and 1980, the rate shall be 1.05 percent; " (4) with respect to wages paid during the calendar years 1981 throus^h 1984, the rate shall be 1.30 percent; " (5) with respect to wages paid during the calendar year 1985, the rate shall be 1.35 percent; and "(6) with respect to wages paid after December 31, 1985, the rate shall be 1.45 percent,". 26 USC 1401. (3) Section 1401(b) of such Code (relating to tax on self-employment income for purposes of hospital insurance) is amended by strikina: out paragraphs (1) through (4) and inserting in lieu thereof the following: "(1) in the case of any taxable year beginning after December 31, 1973, and before January 1, 1978, the tax shall be equal to 0.90 percent of the amount of the self-employment income for such taxable year; "(2) in the case of any taxable year beginninflf aft«r December 31, 1977, and before January 1, 1979, the tax shall be equal to 1,00 oercent of the amount of the self-employment income for such taxable year; "(3) in the case of any taxable year beginning after December 31, 1978, and before January 1, 1981, the tax shall be equal to 1.05 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, 1980, and before January 1, 1985, the tax shall be equal to 1.30 percent of the amount of the self-employment income for such taxable year; "(5) in the case of any taxable year beginning after December 31, 1984, and before January 1, 1986, the tax shall be equal to 1.35 percent of the amount of the self-employment income for such taxable year; and "(6) in the case of any taxable year beginning after December 31, 1985, the tax shall be equal to 1.45 percent of the amount of the self-employment income for such taxable year.".

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