26Title 26The US tax code, read & explained

26 U.S.C. § 3101

§ 3101. Rate of tax

293 words · amended 16 times · cited by 20 other sections

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No plain-English explainer yet. Below is the official text. Explainers are being added section by section.

History

Part of the code since 1954. Last changed March 23, 2018 by the Consolidated Appropriations Act, 2018.

Every change, newest first (19)
  1. March 23, 2018Consolidated Appropriations Act, 2018
  2. December 19, 2014Tax Increase Prevention Act of 2014
  3. March 30, 2010Public Law 111-152
  4. March 23, 2010Patient Protection and Affordable Care Act (2010)
  5. March 2, 2004Public Law 108-203
  6. April 20, 1983Public Law 98-21
  7. December 20, 1977Public Law 95-216
  8. October 4, 1976Tax Reform Act of 1976
  9. December 31, 1973Public Law 93-233
  10. October 30, 1972Public Law 92-603
  11. July 1, 1972Public Law 92-336
  12. March 17, 1971Public Law 92-5
  13. January 2, 1968Public Law 90-248
  14. July 30, 1965Public Law 89-97
  15. June 30, 1961Public Law 87-64
  16. August 28, 1958Public Law 85-840
  17. August 1, 1956Internal Revenue Code of 1954 (original text)
  18. September 1, 1954Internal Revenue Code of 1954 (original text)
  19. August 16, 1954Internal Revenue Code of 1954 (original text)

The law as written

Current through Public Law 119-102. Amendment notes omitted.

Structure

  1. (a) Old-age, survivors, and disability insurance
  2. (b) Hospital insurance
  3. (c) Relief from taxes in cases covered by certain international agreements
(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 6.2 percent of the wages (as defined in section 3121(a)) received by the individual with respect to employment (as defined in section 3121(b)).

(b) Hospital insurance
(1) In general

In addition to the tax imposed by the preceding subsection, there is hereby imposed on the income of every individual a tax equal to 1.45 percent of the wages (as defined in section 3121(a)) received by him with respect to employment (as defined in section 3121(b)).

(2) Additional tax

In addition to the tax imposed by paragraph (1) and the preceding subsection, there is hereby imposed on every taxpayer (other than a corporation, estate, or trust) a tax equal to 0.9 percent of wages which are received with respect to employment (as defined in section 3121(b)) during any taxable year beginning after December 31, 2012, and which are in excess of—

(A)

in the case of a joint return, $250,000,

(B)

in the case of a married taxpayer (as defined in section 7703) filing a separate return, ½ of the dollar amount determined under subparagraph (A), and

(C)

in any other case, $200,000.

(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 exclusively to the laws applicable to the social security system of such foreign country.