418
Ante, p. 417.
85 42 Stat. 4T1. use 10.
42 USC 4 1 3.
42 USC 415.
85 Stat. 11. 26 USC 1402.
PUBLIC LAW 92-336-JULY 1, 1972
[86 STAT.
"(8) That part of remuneration which, after remuneration (other than remuneration referred to in the succeeding subsections of this section) equal to $12,000 with respect to employment has been paid to an individual during any calendar year after 1973 and prior to 1975, is paid to such individual during such calendar year; "(9) That part of remuneration which, after remuneration (other than remuneration referred to in the succeeding subsections of this section) equal to the contribution and benefit base (determined under section 230) with respect to employment has been paid to an individual during any calendar year after 1974 with respect to which such contribution and benefit base is effective, is paid to such individual during such calendar year;". (2)(A) Section 211(b)(1)(F) of such Act is amended by inserting "and prior to 1973" after "1971", and by striking o u t "; or" and inserting in lieu thereof; and". (B) Section 211(b)(1) of such Act is further amended by adding at the end thereof the following new subparagraphs: " (G) For any taxable year beginning after 1972 and prior to 1974, (i) $10,800, minus (ii) the amount of the wages paid to such individual during the taxable year; and " (H) For any taxable year beginning after 1973 and prior to 1975, (i) $12,000, minus (ii) the amount of the wages paid to such individual during the taxable year; and " (I) For any taxable year beginning in any calendar year after 1974, (i) an amount equal to the contribution and benefit base (as determined under section 230) which is effective for such calendar year, minus (ii) the amount of the wages paid to such individual during such taxable year; or". (3)(A) Section 213(a)(2) (ii) of such Act is amended by striking out "after 1971" and inserting in lieu thereof "after 1971 and before 1973, or $10,800 in the case of a calendar year aft^r 1972 and before 1974, or $12,000 in the case of a calendar year after 1973 and before 1975, or an amount equal to the contribution and benefit base (as determined under section 230) in the case of any calendar year after 1974 with respect to which such contribution and benefit base is effective". (B) Section 213(a)(2) (iii) of such Act is amended by striking out "after 1971" and inserting in lieu thereof "after 1971 and before 1973, or $10,800 in the case of a taxable year beginning after 1972 and before 1974, or $12,000 in the case of a taxable year beginning after 1973 and before 1975, or an amount equal to the contribution and benefit base (as determined under section 230) which is effective for the calendar year in the case of any taxable year beginning in any calendar year after 1974". (4) Section 215(e)(1) of such Act is amended by striking out "and the excess over $9,000 in the case of any calendar year after 1971" and inserting in lieu thereof "the excess over $9,000 in the case of any calendar year after 1971 and before 1973, the excess over $10,800 in the case of any calendar year after 1972 and before 1974, the excess over $12,000 in the case of any calendar year after 1973 and before 1975, and the excess over an amount e^ual to the contribution and benefit base (as determined under section 230) in the case of any calendar year after 1974 with respect to which such contribution and benefit base is effective". (b)(1)(A) Section 1402(b)(1)(F) of the Internal Revenue Code of 1954 (relating to definition of self-employment income) is amended \
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