Date of Download: Sep 14, 2001

USCA (United States Code Annotated)

26 USCA S 3101

Copr. © West 2001 No Claim to Orig. U.S. Govt. Works

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26 U.S.C.A. § 3101 I.R.C. § 3101

UNITED STATES CODE ANNOTATED

TITLE 26. INTERNAL REVENUE CODE

SUBTITLE C--EMPLOYMENT TAXES

CHAPTER 21--FEDERAL INSURANCE CONTRIBUTIONS ACT

SUBCHAPTER A--TAX ON EMPLOYEES

Copr. © West Group 2001. No claim to Orig. U.S. Govt. Works.

Current through P.L. 107-11, approved 5-28-01

§ 3101. Rate of tax

(a) Old-age, survivors, and disability insurance.--In addition to other taxes, there is hereby imposed on the income of every individual a tax equal to the following percentages of the wages (as defined in section 3121(a)) received by him with respect to employment (as defined in section 3121(b))--

In cases of wages received during: The rate shall be:

1984, 1985, 1986, or 1987 ........... 5.7 percent

1988 or 1989 ........................ 6.06 percent

1990 or thereafter .................. 6.2 percent.

(b) Hospital insurance.--In addition to the tax imposed by the preceding subsection, there is hereby imposed on the income of every individual a tax equal to the following percentages of the wages (as defined in section 3121(a)) received by him with respect to employment (as defined in section 3121(b))--

(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.

(c) Relief from taxes in cases covered by certain international agreements.-- During any period in which there is in effect an agreement entered into pursuant to section 233 of the Social Security Act with any foreign country, wages received by or paid to an individual shall be exempt from the taxes imposed by this section to the extent that such wages are subject under such agreement to taxes or contributions for similar purposes under the social security system of such foreign country.

CREDIT(S)

1989 Main Volume

(Aug. 16, 1954, c. 736, 68A Stat. 415; Sept. 1, 1954, c. 1206, Title II, § 208(b), 68 Stat. 1094; Aug. 1, 1956, c. 836, Title II, § 202(b), 70 Stat. 845; Aug. 28, 1958, Pub.L. 85-840, Title IV, § 401(b), 72 Stat. 1041; June 30, 1961, Pub.L. 87-64, Title II, § 201(b), 75 Stat. 141; July 30, 1965, Pub.L. 89-97, Title I, § 111(c)(5), Title III, § 321(b), 79 Stat. 342, 395; Jan. 2, 1968, Pub.L. 90-248, Title I, § 109(a)(2), (b)(2), 81 Stat. 836; Mar. 17, 1971, Pub.L. 92-5, Title II, § 204(a)(1), 85 Stat. 11; July 1, 1972, Pub.L. 92-336, § 204(a)(2), (b)(2), 86 Stat. 421, 422; Oct. 30, 1972, Pub.L. 92-603, § 135(a)(2), (b)(2), 86 Stat. 1362, 1363; Dec. 31, 1973, Pub.L. 93- 233, § 6(a)(1), (b)(2), 87 Stat. 954, 955; Oct. 4, 1976, Pub.L. 94-455, Title XIX, § 1903(a)(1), 90 Stat. 1806; Dec. 20, 1977, Pub.L. 95-216, Title I, § 101(a)(1), (b)(1), Title III, § 317(b) (2), 91 Stat. 1510, 1511, 1540; Apr. 20, 1983, Pub.L. 98-21, Title I, § 123(a)(1), 97 Stat. 87.)