26 U.S.C. § 3111 : US Code - Section 3111: Rate of tax

Search 26 U.S.C. § 3111 : US Code - Section 3111: Rate of tax

(a) Old-age, survivors, and disability insurance
In addition to other taxes, there is hereby imposed on every
employer an excise tax, with respect to having individuals in his
employ, equal to the following percentages of the wages (as defined
in section 3121(a)) paid by him with respect to employment (as
defined in section 3121(b)) -
In cases of wages paid during: The rate shall be:
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1984, 1985, 1986, or 1987 5.7 percent
1988 or 1989 6.06 percent
1990 or thereafter 6.2 percent.
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(b) Hospital insurance
In addition to the tax imposed by the preceding subsection, there
is hereby imposed on every employer an excise tax, with respect to
having individuals in his employ, equal to the following
percentages of the wages (as defined in section 3121(a)) paid by
him with respect to employment (as defined in section 3121(b)) -
(1) with respect to wages paid during the calendar years 1974
through 1977, the rate shall be 0.90 percent;
(2) with respect to wages paid during the calendar year 1978,
the rate shall be 1.00 percent;
(3) with respect to wages paid during the calendar years 1979
and 1980, the rate shall be 1.05 percent;
(4) with respect to wages paid during the calendar years 1981
through 1984, the rate shall be 1.30 percent;
(5) with respect to wages paid during the calendar year 1985,
the rate shall be 1.35 percent; and
(6) with respect to wages paid 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
exclusively to the laws applicable to the social security system of
such foreign country.