Page:United States Statutes at Large Volume 86.djvu/464

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[86 STAT. 422]
PUBLIC LAW 92-000—MMMM. DD, 1972
[86 STAT. 422]

422

PUBLIC LAW 92-336^JULY 1, 1972

[86 STAT.

"(2) with respect to wages received during the calendar years 1973, 1974, 1975, 1976, and 1977, the rate shall be 0.9 percent; "(3) with respect to wages received during the calendar years 1978, 1979, 1980, 1981, 1982, 1983, 1984, and 1985, the rate shall be 1.0 percent; "(4) with respect to wages received during the calendar years 1986, 1987, 1988, 1989, 1990, 1991, and 1992, the rate shall be 1.1 percent; and "(5) with respect to wages received after December 31, 1992, the rate shall be 1.2 percent." 26 USC a u i (^) Section 3111(b) of such Code (relating to rate of tax on employers for purposes of hospital insurance) is amended by striking out paragraphs (2) through (5) and inserting in lieu thereof the following: " (2) with respect to wages paid during the calendar years 1973, 1974, 1975, 1976, and 1977, the rate shall be 0.9 percent; "(3) with respect to wages paid during the calendar years 1978, 1979, 1980, 1981, 1982, 1983, 1984, and 1985, the rate shall be 1.0 percent; "(4) with respect to wages paid during the calendar years 1986, 1987, 1988, 1989, 1990, 1991, and 1992, the rate shall be 1.1 percent; and "(5) with respect to wages paid after December 31, 1992, the rate shall be 1.2 percent." Effective dates. (c) The amendments made by subsections (a)(1) and (b)(1) shall apply only with respect to taxable years beginning after December 31, 1972. The remaining amendments made by this section shall apply only with respect to remuneration paid after December 31, 1972. ALLOCATIOIir TO DISABILITY INSURANCE

„ 70 Stat. 819; 83 o t a t. 741.

42 USC 401.

TRUST

FUND

8^0. 205. (a) Section 201(b)(1) of the Social Security Act is -• -•

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amended— (1) by striking out "and (D) " and inserting in lieu thereof ^"(D)",and (2) by striking out "1969, and so reported," and inserting in lieu thereof "1969, and before January 1, 1973, and so reported, (E) 1.0 per centum of the wages (as so defined) paid after December 31, 1972, and before January 1, 1978, and so reported, (F) 1.1 per centum of the wages (as so defined) paid after December 31, 1977, and before January 1, 2011, and so reported, and (G) 1.4 per centum of the wages (as so defined) paid after December 31, 2010, and so reported,". (b) Section 201(b)(2) of such Act is amended— (1) by striking out "and (D) " and inserting in lieu thereof " (D) ", and (2) by striking out "beginning after December 31, 1969," and inserting in lieu thereof "beginning after December 31, 1969, and before January 1, 1973, (E) 0.75 of 1 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1972, and before January 1, 1978, (F) 0.825 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1977, and before January 1, 2011, and (G) 0.915 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 2010,". Approved July 1, 1972.