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U.S. Code as of:
01/19/04
Section 1401. Rate of tax
(a) Old-age, survivors, and disability insurance
In addition to other taxes, there shall be imposed for each
taxable year, on the self-employment income of every individual, a
tax equal to the following percent of the amount of the
self-employment income for such taxable year:
In the case of a taxable year
Beginning after: And before: Percent:
December 31, 1983 January 1, 1988 11.40
December 31, 1987 January 1, 1990 12.12
December 31, 1989 12.40
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(b) Hospital insurance
In addition to the tax imposed by the preceding subsection, there
shall be imposed for each taxable year, on the self-employment
income of every individual, a tax equal to the following percent of
the amount of the self-employment income for such taxable year:
In the case of a taxable year
Beginning after: And before: Percent:
December 31, 1983 January 1, 1985 2.60
December 31, 1984 January 1, 1986 2.70
December 31, 1985 2.90.
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(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, the self-employment income of an
individual shall be exempt from the taxes imposed by this section
to the extent that such self-employment income is subject under
such agreement to taxes or contributions for similar purposes under
the social security system of such foreign country.
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