A bill to establish for the year 1974, under chapters 2 and 21 of the Internal Revenue Code of 1954, more equitable rates and schedules of social security taxes on employees and self-employed individuals (with partial income tax deductibility therefor), and to provide for a method for the development of similar rates and schedules for years after 1974.

Summary

Establishes for the year 1974, under the Internal Revenue Code, more equitable rates and schedules of social security taxes on employees and self-employed individuals with partial income tax deductibility therefor. Directs the Secretary of Health, Education, and Welfare to undertake the development of revised rates and schedules for years after 1974.

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• Introduced in House

  summary · EN · 27 June 1973

  Open at official source

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