114 S1904 IS: Social Security 2100 Act
U.S. Senate
2015-07-30
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
1.This Act may be cited as the Social Security 2100 Act
. <enum>I</enum><header>Strengthening Benefits</header> <section id="HF0DAF61084C84DB69CA10780F3FED0D5"><enum>101.</enum><header>Across-the-board benefit increase</header> <subsection id="HEC1D4C2C629A4126A700B0507D8A247C"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Section 215(a)(1)(A)(i) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(a)(1)(A)(i)</external-xref>) is amended by striking <quote>90 percent</quote> and inserting <quote>93 percent</quote>.</text>
</subsection><subsection id="HAF0713DDDA0444A0A3EEBF60D9C6B2B9"><enum>(b)</enum><header>Effective date</header>
<paragraph id="H8D9B1987CFEF48A4BC29EF20D3578D8C"><enum>(1)</enum><header>In general</header><text>The amendment made by subsection (a) shall apply with respect to monthly insurance benefits payable for any month after December 2015.</text>
</paragraph><paragraph id="H4944A1402D5D43E29FD1142132CF00E0"><enum>(2)</enum><header>Recomputation of primary insurance amounts</header><text display-inline="yes-display-inline">Notwithstanding section 215(f) of the Social Security Act, the Commissioner of Social Security shall recompute primary insurance amounts originally computed for months prior to January 2016 to the extent necessary to carry out the amendments made by this section.</text>
</paragraph></subsection></section><section id="HA9842A7353384F0B9CE3F27AAB127C16"><enum>102.</enum><header>Computation of cost-of-living increases</header>
<subsection commented="no" id="H4E1AC8A6C8E24D4390B96C370640CD7E"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Section 215(i)(1) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(i)(1)</external-xref>) is amended by adding at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H1FEA1F3F80454851A59AB7B8FE1815F5" style="OLC">
<subparagraph commented="no" id="HCB4589251AB6445DB7752C65A7EA45B0" indent="up1"><enum>(H)</enum><text display-inline="yes-display-inline">the term <quote>Consumer Price Index</quote> means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor).</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H3EC8C06C30334CD18B0F725D808C272D"><enum>(b)</enum><header>Application to pre-1979 law</header>
<paragraph commented="no" id="HCFEA84292A7E4543B33E9FC03DA73606"><enum>(1)</enum><header>In general</header><text>Section 215(i)(1) of the Social Security Act as in effect in December 1978, and as applied in certain cases under the provisions of such Act as in effect after December 1978, is amended by adding at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H602BCEAC8DBC4DC7B4795567253113C7" style="traditional">
<subparagraph commented="no" id="HB33BE994B89844F0A2A609E7FBCA87D9" indent="up1"><enum>(D)</enum><text display-inline="yes-display-inline">the term <quote>Consumer Price Index</quote> means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor).</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" id="H5801816F990E48C2A3A9B7C11A7528EF"><enum>(2)</enum><header>Conforming change</header><text>Section 215(i)(4) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(i)(4)</external-xref>) is amended by inserting <quote>and by section 102 of the <short-title>Social Security 2100 Act</short-title></quote> after <quote>1986</quote>.</text> </paragraph></subsection><subsection display-inline="no-display-inline" id="H2DB4F4C5ABD348A3A32FD760B460E485"><enum>(c)</enum><header>No effect on adjustments under other laws</header><text display-inline="yes-display-inline">Section 215(i) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(i)</external-xref>) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H84C459A5B4E84D8E9A82A642D0D933EC" style="OLC">
<paragraph id="H3B51E3455CEC4FFFB3F2A115B71B7153" indent="up1"><enum>(6)</enum><text display-inline="yes-display-inline">Any provision of law (other than in this title, title VIII, or title XVI) which provides for adjustment of an amount based on a change in benefit amounts resulting from a determination made under this subsection shall be applied and administered without regard to the amendments made by section 102 of the <short-title>Social Security 2100 Act</short-title>.</text></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H91B7ECB4E070407EA6821C9198EAA8D3"><enum>(d)</enum><header>Publication of Consumer Price Index for Elderly Consumers</header><text display-inline="yes-display-inline">The Bureau of Labor Statistics of the Department of Labor shall prepare and publish the index authorized by section 191 of the Older Americans Amendments Act of 1987 (<external-xref legal-doc="usc" parsable-cite="usc/29/2">29 U.S.C. 2</external-xref> note) for each calendar month, beginning with July of the calendar year following the calendar year in which this Act is enacted, and such index shall be known as the <quote>Consumer Price Index for Elderly Consumers</quote>.</text>
</subsection><subsection id="H92125133969343CDA9418A7F3F986A1C"><enum>(e)</enum><header>Effective date</header><text>The amendments made by subsection (a) shall apply to determinations made with respect to cost-of-living computation quarters (as defined in section 215(i)(1)(B) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(i)(1)(B)</external-xref>)) ending on or after September 30 of the second calendar year following the calendar year in which this Act is enacted.</text>
</subsection></section><section display-inline="no-display-inline" id="HC171D3676EED4357B46CD9130C55A23C" section-type="subsequent-section"><enum>103.</enum><header>Increase in minimum benefit for lifetime low earners based on years in the workforce</header>
<subsection id="HFAD63B027C9C477196B8118BE4C1F7C1"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Section 215(a)(1) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(a)(1)</external-xref>) is amended—</text> <paragraph id="HD4B88F6BC8584A7083A06E0F0EDBAFDA"><enum>(1)</enum><text>by redesignating subparagraph (D) as subparagraph (E); and</text>
</paragraph><paragraph id="H38E12CB29D2C419A9AADC890840BE90C"><enum>(2)</enum><text>by inserting after subparagraph (C) the following new subparagraph:</text> <quoted-block display-inline="no-display-inline" id="HF13F35CAFF564FC0A20D0BFD317A5566" style="traditional"> <subparagraph id="HF5EA98A73C074635BD977A5A6302F5BD" indent="up2"><enum>(D)</enum><clause commented="no" display-inline="yes-display-inline" id="H4FE06781053C479484F060A6EF3868E4"><enum>(i)</enum><text>Effective with respect to the benefits of individuals who become eligible for old-age insurance benefits or disability insurance benefits (or die before becoming so eligible) after 2015, no primary insurance amount computed under subparagraph (A) may be less than the greater of—</text>
<subclause id="H7EA1ECB0DBA845D7BA8A4E946085E776" indent="up1"><enum>(I)</enum><text>the minimum monthly amount computed under subparagraph (C); or</text> </subclause><subclause id="HB6FD1357FF3D47F68B4DCAD944515D11" indent="up1"><enum>(II)</enum><text>in the case of an individual who has more than 10 years of work (as defined in clause (iv)(I)), the alternative minimum amount determined under clause (ii).</text>
</subclause></clause><clause id="HBC36F21882D0409DB17A31E5FB9E0BB8" indent="up1"><enum>(ii)</enum><subclause commented="no" display-inline="yes-display-inline" id="H15577AADDBED4B6D96F59299812A670B"><enum>(I)</enum><text display-inline="yes-display-inline">The alternative minimum amount determined under this clause is the applicable percentage of <fraction>1/12</fraction> of the annual dollar amount determined under clause (iii) for the year in which the amount is determined.</text>
</subclause><subclause id="HA56DE796EBF7483B8C6937897261882A" indent="up1"><enum>(II)</enum><text>For purposes of subclause (I), the applicable percentage is the percentage specified in connection with the number of years of work, as set forth in the following table:</text><table align-to-level="section" blank-lines-before="2" colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Flush/hang, 1 text, 1 num, bold hds" table-type="Leaderwork"><tgroup cols="2" rowsep="0"><colspec coldef="txt" colname="column1" colwidth="207.56pt" min-data-value="70"></colspec><colspec coldef="fig" colname="column2" colwidth="188.44pt" min-data-value="12"></colspec><thead><row><entry align="left" colname="column1" morerows="0" namest="column1" rowsep="0"><bold>If the number of years</bold></entry><entry align="right" colname="column2" morerows="0" namest="column2" rowsep="0"><bold>The applicable</bold></entry></row><row><entry align="left" colname="column1" morerows="0" namest="column1" rowsep="0"><bold> of work is:</bold></entry><entry align="right" colname="column2" morerows="0" namest="column2" rowsep="0"><bold>percentage is:</bold></entry></row></thead><tbody><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">11</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">12</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">12.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">13</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">18.75 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">14</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">25.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">15</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">31.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">16</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">37.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">17</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">43.75 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">18</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">50.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">19</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">56.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">20</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">62.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">21</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">68.75 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">22</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">75.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">23</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">81.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">24</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">87.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">25</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">93.75 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">26</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">100.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">27</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">106.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">28</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">112.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">29</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">118.75 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">30 or more</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">125.00 percent.</entry></row></tbody></tgroup></table>
</subclause></clause><clause id="H033B46D99DD446C98DE7A04E147DC48E" indent="up1"><enum>(iii)</enum><text display-inline="yes-display-inline">The annual dollar amount determined under this clause is—</text> <subclause id="H511105BC14E54A34BAB6D190F3145149"><enum>(I)</enum><text>for calendar year 2016, the poverty guideline for 2015; and</text>
</subclause><subclause id="H6516443968304650B7C4D20BAF171A78"><enum>(II)</enum><text>for any calendar year after 2016, the annual dollar amount for 2016 multiplied by the ratio of—</text> <item id="H99A9BDDC44B744E4B3A96945177F04E0"><enum>(aa)</enum><text>the national average wage index (as defined in section 209(k)(1)) for the second calendar year preceding the calendar year for which the determination is made, to</text>
</item><item id="HEE980FDBFE0B4D1A9F900873F2423680"><enum>(bb)</enum><text>the national average wage index (as so defined) for 2014.</text> </item></subclause></clause><clause id="H5BC95A28B90C4C9AB577EBDAD37419A6" indent="up1"><enum>(iv)</enum><text display-inline="yes-display-inline">For purposes of this subparagraph—</text>
<subclause id="HC85209E24ED94760A8FBE0A36F9E84BA"><enum>(I)</enum><text>the term <quote>year of work</quote> means, with respect to an individual, a year to which 4 quarters of coverage have been credited based on such individual’s wages and self-employment income; and</text>
</subclause><subclause id="H8FD5689906884C0FBFB760D5A8449691"><enum>(II)</enum><text>the term <quote>poverty guideline for 2015</quote> means the annual poverty guideline for 2015 (as updated annually in the Federal Register by the Department of Health and Human Services under the authority of section 673(2) of the Omnibus Budget Reconciliation Act of 1981) as applicable to a single individual.</text></subclause></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection display-inline="no-display-inline" id="H0D5477F417DE4386AF8ABAFDC7FD1870"><enum>(b)</enum><header>Recomputation</header><text>Notwithstanding section 215(f)(1) of the Social Security Act, the Commissioner of Social Security shall recompute primary insurance amounts originally computed for months prior to November 2015 to the extent necessary to carry out the amendments made by this section.</text>
</subsection><subsection id="HD7E74764A23A455794CE51B7D4EEA6FD"><enum>(c)</enum><header>Conforming amendment</header><text>Section 209(k)(1) of such Act (<external-xref legal-doc="usc" parsable-cite="usc/42/409">42 U.S.C. 409(k)(1)</external-xref>) is amended by inserting <quote>215(a)(1)(E), </quote> after <quote>215(a)(1)(D),</quote>.</text> </subsection></section><section id="H07655F98EF92427090323C42CB05BB3A"><enum>104.</enum><header>Increase in threshold amounts and rate for inclusion of social security benefits in income</header> <subsection id="H7C421C4CA4B04D90A49697749E3C5518"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/86">section 86</external-xref> of the Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HEA04C8EAB361490882B76933A3175419" style="OLC">
<subsection id="HB13682558BA0430AB7FE043D3A2F0B77"><enum>(a)</enum><header>In general</header><text display-inline="yes-display-inline">Gross income for the taxable year of any taxpayer described in subsection (b) (notwithstanding section 207 of the Social Security Act) includes social security benefits in an amount equal to the lesser of—</text>
<paragraph id="H5A2C5FC268C34257A9F8413841046DD8"><enum>(1)</enum><text>85 percent of the social security benefits received during the taxable year, or</text> </paragraph><paragraph id="H2A1FE62DA4DD43A784595478607DFADE"><enum>(2)</enum><text>one-half of the excess described in subsection (b)(1).</text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HF989300E16204B318732F23C31090AE5"><enum>(b)</enum><header>Base amount</header><text>Subsection (c) of section 86 of such Code is amended to read as follows:</text> <quoted-block display-inline="no-display-inline" id="HB57B7613D8364A918B7E09B72CC49226" style="OLC"> <subsection id="HD8805310F48C4B09B3543E8B0447711F"><enum>(c)</enum><header>Base amount</header><text display-inline="yes-display-inline">For purposes of this section, the term <quote>base amount</quote> means—</text>
<paragraph id="HB0BB83777E73451392AF74249CD1E138"><enum>(1)</enum><text display-inline="yes-display-inline">except as otherwise provided in this paragraph, $50,000,</text> </paragraph><paragraph id="H218C7574F11E4FC0A7735F05FF664B58"><enum>(2)</enum><text>$100,000 in the case of a joint return, and</text>
</paragraph><paragraph id="HE94E9A92DF764DF98488F27B4A96DCBC"><enum>(3)</enum><text>zero in the case of a taxpayer who—</text> <subparagraph id="H650DBA7B710940EA9F3DF70D77F5BEFD"><enum>(A)</enum><text>is married as of the close of the taxable year (within the meaning of section 7703) but does not file a joint return for such year, and</text>
</subparagraph><subparagraph id="H6342B0F127AB475489586CE604BCBE09"><enum>(B)</enum><text>does not live apart from his spouse at all times during the taxable year.</text></subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block> </subsection><subsection id="HB691AB1C456F42F4B89B0D47BEADDB57"><enum>(c)</enum><header>Hospital Insurance Trust Fund held harmless</header><text>Section 121(e)(1) of the Social Security Amendments of 1986 (<external-xref legal-doc="usc" parsable-cite="usc/42/401">42 U.S.C. 401</external-xref> note) is amended by adding at the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="HD7232391CF44448794DBE6F15C69331A" style="traditional">
<subparagraph id="H06425064013B4CF58A3A2F82DB11AB7C" indent="up1"><enum>(C)</enum><text display-inline="yes-display-inline">The amounts appropriated to the hospital insurance trust fund by subparagraph (B) shall be determined, and transferred from the general fund, at such times and in such manner so as to replicate, to the extent possible, the appropriations and transfers which would have occurred with respect to such trust fund had subsections (a) and (b) of section 104 of the <short-title>Social Security 2100 Act</short-title> not been enacted.</text></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HD7A8C71A22AF4CAEAA4DBF85AE357B4B"><enum>(d)</enum><header>Effective date</header><text>The amendments made by this section shall apply to taxable years beginning after December 31, 2015.</text> </subsection></section><enum>II</enum><header>Strengthening the Trust Fund</header> <section id="H025D9B60B8E049EDAC7CAB1B3B83D39F" section-type="subsequent-section"><enum>201.</enum><header>Determination of wages and self-employment income above contribution and benefit base after 2015</header> <subsection id="H904D0C3810104E53AF411E5F20CBBD00"><enum>(a)</enum><header>Determination of wages above contribution and benefit base after 2015</header> <paragraph id="H2AF3F133A5874909B688AB099D89CA81"><enum>(1)</enum><header>Amendments to the Internal Revenue Code</header> <subparagraph id="H208AD9373B564231B37174AE0E64FA2E"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/3121">section 3121(a)</external-xref> of the Internal Revenue Code of 1986 is amended by inserting after <quote>such calendar year.</quote> the following: <quote>The preceding sentence shall apply only to calendar years for which the contribution and benefit base (as so determined) is less than $400,000, and, for such calendar years, only to the extent remuneration paid to such employee by such employer with respect to employment does not exceed $400,000.</quote>.</text>
</subparagraph><subparagraph id="HE3102883234F417DB7B5536D18035F15"><enum>(B)</enum><header>Conforming amendment</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/3121">section 3121(a)</external-xref> of the Internal Revenue Code of 1986 is amended by striking <quote>Act) to</quote> and inserting <quote>Act), or in excess of $400,000, to</quote>.</text> </subparagraph></paragraph><paragraph id="H54A268F25462470CA12FFBC12A301775"><enum>(2)</enum><header>Amendment to the Social Security Act</header><text display-inline="yes-display-inline">Section 209(a)(1)(I) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/409">42 U.S.C. 409(a)(1)(I)</external-xref>) is amended by inserting before the semicolon at the end the following: <quote>except that this subparagraph shall apply only to calendar years for which the contribution and benefit base (as so determined) is less than $400,000, and, for such calendar years, only to the extent remuneration paid to such employee by such employer with respect to employment does not exceed $400,000</quote>.</text>
</paragraph><paragraph id="H45FA74B0B60844C49E2920CE6BE9D04A"><enum>(3)</enum><header>Effective date</header><text>The amendments made by this subsection shall apply with respect to remuneration paid in calendar years after 2015.</text>
</paragraph></subsection><subsection id="HE9D9ADF7D1E7462FACAA8E032DD6FF76"><enum>(b)</enum><header>Determination of self-Employment income above contribution and benefit base after 2015</header>
<paragraph id="H08E52BA81F6448F0B05983DA62185227"><enum>(1)</enum><header>Amendments to the Internal Revenue Code</header>
<subparagraph display-inline="no-display-inline" id="H21195C759A064709A36D7479FC9332AD"><enum>(A)</enum><header>In general</header><text>Paragraph (1) of <external-xref legal-doc="usc" parsable-cite="usc/26/1402">section 1402(b)</external-xref> of the Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H3B748AF76595470FAAC7826D6387A80C" style="OLC">
<paragraph id="H1907E6C5FDB248B3A340F0A56C2D591F"><enum>(1)</enum><text display-inline="yes-display-inline">in the case of the tax imposed by section 1401(a), an amount equal to—</text> <subparagraph id="H306F5631B240442E8552CF8ACAF491DD"><enum>(A)</enum><text>$400,000, reduced (but not below zero) by</text>
</subparagraph><subparagraph id="HAE5882A477D948AFBE3028B0898E5614"><enum>(B)</enum><text>the sum of—</text> <clause id="H39316884C6E14EBEB88CF41AE2330D41"><enum>(i)</enum><text>the part of the net earnings from self-employment (if any) which is not in excess of—</text>
<subclause id="H17B5CC8FCCB0400BA9026E64DD0DF728"><enum>(I)</enum><text display-inline="yes-display-inline">the amount equal to the contribution and benefit base (as determined under section 230 of the Social Security Act) which is effective for the calendar year in which such taxable year begins, minus</text>
</subclause><subclause id="H00CD960B44B24AA0B1AE0AE5F77D30BF"><enum>(II)</enum><text display-inline="yes-display-inline">the amount of the wages paid to such individual during such taxable year, plus</text> </subclause></clause><clause id="H29E0D9D61A814312A6BE2917F36A657B"><enum>(ii)</enum><text>the amount of the wages paid to such individual during such taxable year which is in excess of the amount in clause (i)(I); or</text></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="H17D315B158D043A68ABE8569930F4D2A"><enum>(B)</enum><header>Phaseout</header><text>Subsection (b) of <external-xref legal-doc="usc" parsable-cite="usc/26/1402">section 1402</external-xref> of the Internal Revenue Code of 1986 is amended by adding at the end the following: <quote>Paragraph (1) shall apply only to taxable years beginning in calendar years for which the contribution and benefit base (as determined under section 230 of the Social Security Act) is less than $400,000.</quote>.</text>
</subparagraph></paragraph><paragraph id="HFA809626F49E4680874324B36ABCE043"><enum>(2)</enum><header>Amendments to the Social Security Act</header>
<subparagraph id="HF3C3DCEB22144C5ABFD5667CD0C705BD"><enum>(A)</enum><header>In general</header><text display-inline="yes-display-inline">Section 211(b)(1) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/411">42 U.S.C. 411(b)</external-xref>) is amended—</text> <clause display-inline="no-display-inline" id="HDDC002A397AF4379AD8AF0E3147E073F"><enum>(i)</enum><text>in subparagraph (I)—</text>
<subclause id="H02F46E0E27124743953BEEB1A5CDA849"><enum>(I)</enum><text>by inserting <quote>and before 2015</quote> after <quote>1974</quote>; and</text> </subclause><subclause id="H5C3DE31F1AD44FD4991B4C26B619715A"><enum>(II)</enum><text>by striking <quote>or</quote> at the end; and</text>
</subclause></clause><clause id="H1FB1763F303846048CA0BFE5416303BB"><enum>(ii)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="H5122F18ACC54474E886CA349C4F65F56" style="OLC"> <subparagraph id="H9A247BBA290641D3802A338EBD19D42B"><enum>(J)</enum><text display-inline="yes-display-inline">For any taxable year beginning in any calendar year after 2015, an amount equal to—</text>
<clause id="HBE130E0DD2234C05806B9AC0E7B390CE"><enum>(i)</enum><text>$400,000, reduced (but not below zero) by</text> </clause><clause display-inline="no-display-inline" id="HFAE06E7C88974F9C84F297D6F0736468"><enum>(ii)</enum><text>the sum of—</text>
<subclause id="HF663723AD46946678F05CBEE37E13941"><enum>(I)</enum><text>the part of the net earnings from self-employment (if any) which is not in excess of—</text> <item id="H7D43C0B6AEAA4DB3B2F024873F9F771A"><enum>(aa)</enum><text display-inline="yes-display-inline">the amount equal to the contribution and benefit base (as determined under section 230) which is effective for the calendar year in which such taxable year begins, minus</text>
</item><item id="H46C13B37A1BB4D52B8ECBA6A67614496"><enum>(bb)</enum><text display-inline="yes-display-inline">the amount of the wages paid to such individual during such taxable year, plus</text> </item></subclause><subclause id="HFBA95E517B044A7BABE5363582D9D665"><enum>(II)</enum><text>the amount of the wages paid to such individual during such taxable year which is in excess of the amount in subclause (I)(aa); or</text></subclause></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</clause></subparagraph><subparagraph id="H5548352131B0418787D7F573B0E91D4B"><enum>(B)</enum><header>Phaseout</header><text display-inline="yes-display-inline">Section 211(b) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/411">42 U.S.C. 411(b)</external-xref>) is amended by adding at the end the following: <quote>Paragraph (1) shall apply only to taxable years beginning in calendar years for which the contribution and benefit base (as determined under section 230) is less than $400,000.</quote>.</text>
</subparagraph></paragraph><paragraph id="H653AC402ABFD45AAB2656163E6084570"><enum>(3)</enum><header>Effective date</header><text display-inline="yes-display-inline">The amendments made by this subsection shall apply to net earnings from self-employment derived, and remuneration paid, in calendar years after 2015.</text>
</paragraph></subsection></section><section display-inline="no-display-inline" id="H3DD33C54DEBE42918559AB4375375B7A" section-type="subsequent-section"><enum>202.</enum><header>Inclusion of earnings over $400,000 in social security benefit formula</header>
<subsection id="H02F2AC166BB84EA881C73F7B5385EDD3"><enum>(a)</enum><header>Inclusion of earnings over $400,000 in determination of primary insurance amounts</header><text>Section 215(a)(1)(A) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(a)(1)(A)</external-xref>) is amended—</text> <paragraph id="H58808B1FF96342E3AB28EAA0909C176F"><enum>(1)</enum><text>in clause (ii), by striking <quote>and</quote> at the end;</text>
</paragraph><paragraph id="H49DDBF9B81C647C18F06B581CD7D7D13"><enum>(2)</enum><text>in clause (iii), by inserting <quote>and</quote> at the end; and</text> </paragraph><paragraph id="H17F1CCA5DC47465FA118683707E1ADD4"><enum>(3)</enum><text>by inserting after clause (iii) the following:</text>
<quoted-block display-inline="no-display-inline" id="HEC66D1E7986A4B6099D9F7844CA03DC0" style="traditional">
<clause id="HEBC29803FD574F79AAA9625FD2E51795" indent="up2"><enum>(iv)</enum><text display-inline="yes-display-inline">2 percent of the individual’s excess average indexed monthly earnings (as defined in subsection (b)(5)(A)).</text></clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H3EE2E17B7E6F4E61A598D55D30DC47DF"><enum>(b)</enum><header>Definition of excess average indexed monthly earnings</header><text>Section 215(b) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(b)</external-xref>) is amended—</text> <paragraph id="HB13A927CE4FF4C89B4BCF8189410B87D"><enum>(1)</enum><text>by striking <quote>wages</quote> and <quote>self-employment income</quote> each place such terms appear and inserting <quote>basic wages</quote> and <quote>basic self-employment income</quote>, respectively; and</text>
</paragraph><paragraph id="H57B7069EDF674DA59B116A2F965CF82D"><enum>(2)</enum><text>by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="H476688CF81874945A8EFD245986579B9" style="traditional"> <paragraph id="HE4ADF91F143C4968815FBBDB65B0936E" indent="up1"><enum>(5)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="H8D7895D930844829913D41B1DA4E3BA2"><enum>(A)</enum><text display-inline="yes-display-inline">An individual's excess average indexed monthly earnings shall be equal to the amount of the individual's average indexed monthly earnings that would be determined under this subsection by substituting <quote>excess wages</quote> for <quote>basic wages</quote> and <quote>excess self-employment income</quote> for <quote>basic self-employment income</quote> each place such terms appear in this subsection (except in this paragraph).</text>
</subparagraph><subparagraph id="H3A422BB220F2490C8F455ED51695B5B3" indent="up1"><enum>(B)</enum><text display-inline="yes-display-inline">For purposes of this subsection—</text> <clause id="HE66F76DF3C184C30A94E2C178E0CCA1E"><enum>(i)</enum><text display-inline="yes-display-inline">the term <quote>basic wages</quote> means that portion of the wages of an individual paid in a year that does not exceed the contribution and benefit base for the year;</text>
</clause><clause id="H392F118828464E419D343EC977B4E189"><enum>(ii)</enum><text display-inline="yes-display-inline">the term <quote>basic self-employment income</quote> means that portion of the self-employment income of an individual credited to a year that does not exceed an amount equal to the contribution and benefit base for the year minus the amount of the wages paid to the individual in the year;</text>
</clause><clause id="HAA24E6D094F1428B9FD04DCFDA05B527"><enum>(iii)</enum><text>the term <quote>excess wages</quote> means that portion of the wages of an individual paid in a year after 2015 in excess of the higher of $400,000 or the contribution and benefit base for the year; and</text>
</clause><clause id="H976F6B4984C44873B5821A8F0F3915CB"><enum>(iv)</enum><text>the term <quote>excess self-employment income</quote> means that portion of the self-employment income of an individual credited to a year after 2015 in excess of the higher of $400,000 or such contribution and benefit base.</text></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HE38F890D93EA48AAB1274B7B90C96E85"><enum>(c)</enum><header>Conforming amendment</header><text display-inline="yes-display-inline">Section 215(e)(1) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/415">42 U.S.C. 415(e)(1)</external-xref>) is amended by inserting <quote>and before 2016</quote> after <quote>1974</quote>.</text> </subsection><subsection display-inline="no-display-inline" id="HFCDC4DEE84A64DF59C492657A9335CD9"><enum>(d)</enum><header>Effective date</header><text display-inline="yes-display-inline">The amendments made by this section shall apply with respect to individuals who initially become eligible (within the meaning of section 215(a)(3)(B) of the Social Security Act) for old-age or disability insurance benefits under title II of the Social Security Act, or who die (before becoming eligible for such benefits), in any calendar year after 2015.</text>
</subsection></section><section id="H50326F4BAAFF4E12A677066558AF6CD9"><enum>203.</enum><header>Increase in Social Security tax rate</header>
<subsection id="H7A50238FE2D14E6BB08BF40A1033D535"><enum>(a)</enum><header>Tax on Employees</header><text display-inline="yes-display-inline">The table in subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/3101">section 3101</external-xref> of the Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H9C60B7EE60C844EEB78F3B86F7F60C2B" style="OLC"><table align-to-level="section" blank-lines-before="1" colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Flush/hang, 1 text, 1 num, bold hds" table-type="Leaderwork"><tgroup cols="2" rowsep="0"><colspec coldef="txt" colname="column1" colwidth="218.25pt" min-data-value="70"></colspec><colspec coldef="fig" colname="column2" colwidth="179.44pt" min-data-value="12"></colspec><thead><row><entry align="left" colname="column1" morerows="0" namest="column1" rowsep="0"><bold>In cases of wages</bold></entry><entry align="right" colname="column2" morerows="0" namest="column2" rowsep="0"><bold>The rate of tax</bold></entry></row><row><entry align="left" colname="column1" morerows="0" namest="column1" rowsep="0"><bold> received during:</bold></entry><entry align="right" colname="column2" morerows="0" namest="column2" rowsep="0"><bold>shall be:</bold></entry></row></thead><tbody><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">1990 or any calendar year before 2018</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.20 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2018</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2019</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.30 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2020</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.35 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2021</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.40 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2022</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.45 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2023</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2024</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.55 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2025</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.60 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2026</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.65 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2027</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.70 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2028</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.75 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2029</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.80 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2030</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.85 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2031</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.90 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2032</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.95 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2033</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2034</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.05 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2035</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.10 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2036</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.15 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2037</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.20 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2038</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2039</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.30 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2040</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.35 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">any calendar year after 2040 and before 2080</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.40 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2080</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.45 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2081</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2082</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.55 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2083</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.60 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2084</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.65 percent.</entry></row></tbody></tgroup></table><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H1F753C41CCA14E52BF8477E9EB92A28F"><enum>(b)</enum><header>Tax on Employers</header><text display-inline="yes-display-inline">The table in subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/3111">section 3111</external-xref> of the Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H1BA7BBC5E2CB41F19430CB5A4B958468" style="OLC"><table align-to-level="section" blank-lines-before="1" colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Flush/hang, 1 text, 1 num, bold hds" table-type="Leaderwork"><tgroup cols="2" rowsep="0"><colspec coldef="txt" colname="column1" colwidth="261.56pt" min-data-value="70"></colspec><colspec coldef="fig" colname="column2" colwidth="147.19pt" min-data-value="12"></colspec><thead><row><entry align="left" colname="column1" morerows="0" namest="column1" rowsep="0"><bold>In cases of wages</bold></entry><entry align="right" colname="column2" morerows="0" namest="column2" rowsep="0"><bold>The rate of tax</bold></entry></row><row><entry align="left" colname="column1" morerows="0" namest="column1" rowsep="0"><bold> received during:</bold></entry><entry align="right" colname="column2" morerows="0" namest="column2" rowsep="0"><bold>shall be:</bold></entry></row></thead><tbody><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">1990 or any calendar year before 2018</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.20 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2018</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2019</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.30 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2020</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.35 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2021</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.40 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2022</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.45 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2023</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2024</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.55 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2025</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.60 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2026</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.65 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2027</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.70 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2028</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.75 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2029</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.80 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2030</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.85 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2031</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.90 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2032</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">6.95 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2033</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2034</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.05 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2035</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.10 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2036</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.15 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2037</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.20 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2038</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.25 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2039</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.30 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2040</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.35 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">any calendar year after 2040 and before 2080</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.40 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2080</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.45 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2081</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2082</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.55 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2083</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.60 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2084</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">7.65 percent.</entry></row></tbody></tgroup></table><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H09A5298BB6A045E88E6B2D63D85281F8"><enum>(c)</enum><header>Self-Employment Income</header><text display-inline="yes-display-inline">The table in subsection (a) of <external-xref legal-doc="usc" parsable-cite="usc/26/1401">section 1401</external-xref> of the Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HDD5BB75D4FC7461EB1F32C64ED9EA054" style="OLC"><table align-to-level="section" blank-lines-before="1" colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Flush/hang, 1 text, 1 num, bold hds" table-type="Leaderwork"><tgroup cols="2" rowsep="0"><colspec coldef="txt" colname="column1" colwidth="258pts" min-data-value="70"></colspec><colspec coldef="fig" colname="column2" colwidth="146.25pt" min-data-value="12"></colspec><thead><row><entry align="left" colname="column1" morerows="0" namest="column1" rowsep="0"><bold>In cases of wages</bold></entry><entry align="right" colname="column2" morerows="0" namest="column2" rowsep="0"><bold>The rate of tax</bold></entry></row><row><entry align="left" colname="column1" morerows="0" namest="column1" rowsep="0"><bold> received during:</bold></entry><entry align="right" colname="column2" morerows="0" namest="column2" rowsep="0"><bold>shall be:</bold></entry></row></thead><tbody><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">1990 or any calendar year before 2018</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">12.40 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2018</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">12.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2019</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">12.60 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2020</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">12.70 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2021</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">12.80 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2022</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">12.90 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2023</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2024</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.10 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2025</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.20 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2026</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.30 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2027</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.40 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2028</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2029</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.60 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2030</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.70 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2031</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.80 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2032</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">13.90 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2033</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2034</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.10 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2035</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.20 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2036</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.30 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2037</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.40 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2038</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.50 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2039</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.60 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2040</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.70 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">any calendar year after 2040 and before 2080</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.80 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2080</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">14.90 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2081</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">15.00 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2082</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">15.10 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2083</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">15.20 percent</entry></row><row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr">2084</entry><entry align="right" colname="column2" leader-modify="clr-ldr" rowsep="0">15.30 percent.</entry></row></tbody></tgroup></table><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HD201F7555DBC475CBEED6E2C354703BE"><enum>(d)</enum><header>Effective date</header><text>The amendments made by this section shall apply to remuneration received, and taxable years beginning, after December 31, 2015.</text>
</subsection></section><section display-inline="no-display-inline" id="H974B588766DF4C35B91444980BF9676B" section-type="subsequent-section"><enum>204.</enum><header>Reallocation of payroll tax revenue from the Old-Age and Survivors Insurance Trust Fund to the
Federal Disability Insurance Trust Fund</header>
<paragraph id="H12A44C52A26C44499CED5AFA56ADD3E7"><enum>(1)</enum><header>Wages</header><text display-inline="yes-display-inline">Section 201(b)(1) of the Social Security Act (<external-xref legal-doc="usc" parsable-cite="usc/42/401">42 U.S.C. 401(b)(1)</external-xref>) is amended by striking <quote>and (R) 1.80 per centum of the wages (as so defined) paid after December 31, 1999, and so reported</quote> and inserting <quote>(R) 1.80 per centum of the wages (as so defined) paid after December 31, 1999, and before January 1, 2015, and so reported, (S) 2.8 per centum of the wages (as so defined) paid after December 31, 2014, and before January 1, 2016, and so reported, (T) 2.4 per centum of the wages (as so defined) paid after December 31, 2015, and before January 1, 2017, and so reported, (U) 2.2 per centum of the wages (as so defined) paid after December 31, 2016, and before January 1, 2020, and so reported, (V) 2.0 per centum of the wages (as so defined) paid after December 31, 2019, and before January 1, 2026, and so reported, and (W) 1.8 per centum of the wages (as so defined) paid after December 31, 2025, and so reported</quote>.</text>
</paragraph><paragraph id="HB8CF9FD68EA0409BA97B5FC64DF32F5B"><enum>(2)</enum><header>Self-employment income</header><text display-inline="yes-display-inline">Section 201(b)(2) of such Act (<external-xref legal-doc="usc" parsable-cite="usc/42/401">42 U.S.C. 401(b)(2)</external-xref>) is amended by striking <quote>and (R) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1999</quote> and inserting <quote>(R) 1.80 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1999, and before January 1, 2015, (S) 2.8 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 2014, and before January 1, 2016, (T) 2.4 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 2015, and before January 1, 2017, (U) 2.2 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 2016, and before January 1, 2020, (V) 2.0 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 2019, and before January 1, 2026, and (W) 1.8 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 2025</quote>.</text>
</paragraph><paragraph id="H41D85C86919044FDBDC596601D20708F"><enum>(3)</enum><header>Effective date</header><text>The amendments made by this section shall apply with respect to wages paid after December 31, 2014, and self-employment income for taxable years beginning after such date.</text></paragraph></section>