245 
to raise the same amount of revenue that would have been 
raised by imposing a 12.4 percent tax on the Social Secu-
rity wage base (including self-employment income) as de-
termined in accordance with chapter 21 of the Internal 
Revenue Code most recently in effect prior to the enact-
ment of this Act. The rate shall be determined using actu-
arially sound methodology and announced at least 6 
months prior to the beginning of the calendar year for 
which it applies. 
‘‘(e) HOSPITAL INSURANCE RATE.—The hospital in-
surance rate shall be determined by the Social Security 
Administration. The hospital insurance rate shall be that 
sales tax rate which is necessary to raise the same amount 
of revenue that would have been raised by imposing a 2.9 
percent tax on the Medicare wage base (including self-em-
ployment income) as determined in accordance with chap-
ter 21 of the Internal Revenue Code most recently in effect 
prior to the enactment of this Act. The rate shall be deter-
mined using actuarially sound methodology and an-
nounced at least 6 months prior to the beginning of the 
calendar year for which it applies. 
‘‘(f) ASSISTANCE.—The Secretary shall provide such 
technical assistance as the Social Security Administration 
shall require to determine the old-age, survivors and dis-
ability insurance rate and the hospital insurance rate. 
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‘‘(g) FURTHER ALLOCATIONS.— 
‘‘(1) OLD-AGE, SURVIVORS AND DISABILITY IN-
SURANCE.—The Secretary shall allocate revenue re-
ceived because of the old-age, survivors and dis-
ability insurance rate to the old-age and survivors 
insurance trust fund and the disability insurance 
trust fund in accordance with law or, in the absence 
of other statutory provision, in the same proportion 
that the old-age and survivors insurance trust fund 
receipts bore to the sum of the old-age and survivors 
insurance trust fund receipts and the disability in-
surance trust fund receipts in calendar year 2020 
(taking into account only receipts pursuant to chap-
ter 21 of the Internal Revenue Code). 
‘‘(2) HOSPITAL
INSURANCE.—The Secretary 
shall allocate revenue received because of the hos-
pital insurance rate to the hospital insurance trust 
fund and the Federal supplementary medical insur-
ance trust fund in accordance with law or, in the ab-
sence of other statutory provision, in the same pro-
portion that hospital insurance trust fund receipts 
bore to the sum of the hospital insurance trust fund 
receipts and Federal supplementary medical insur-
ance trust fund receipts in calendar year 2020 (tak-
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247 
ing into account only receipts pursuant to chapter 
21 of the Internal Revenue Code). 
‘‘SEC. 905. WITHHOLDING OF TAX ON NONRESIDENT ALIENS 
AND FOREIGN CORPORATIONS. 
‘‘(a) IN GENERAL.—All persons, in whatever capacity 
acting (including lessees or mortgagors or real or personal 
property, fiduciaries, employers, and all officers and em-
ployees of the United States) having control, receipt, cus-
tody, disposal, or payment of any income to the extent 
such income constitutes gross income from sources within 
the United States of any nonresident alien individual, for-
eign partnership, or foreign corporation shall deduct and 
withhold from that income a tax equal to 23 percent there-
of. 
‘‘(b) EXCEPTION.—No tax shall be required to be de-
ducted from interest on portfolio debt investments. 
‘‘(c) TREATY COUNTRIES.—In the case of payments 
to nonresident alien individuals, foreign partnerships, or 
foreign corporations that have a residence in (or the na-
tionality of a country) that has entered into a tax treaty 
with the United States, then the rate of withholding tax 
prescribed by the treaty shall govern.’’. 
SEC. 202. CONFORMING AND TECHNICAL AMENDMENTS. 
(a) REPEALS.—The following provisions of the Inter-
nal Revenue Code of 1986 are repealed: 
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(1) Subchapter A of chapter 61 of subtitle D 
(as redesignated by section 104) (relating to infor-
mation and returns). 
(2) Sections 6103 through 6116 of subchapter 
B of chapter 61 of subtitle D (as so redesignated). 
(3) Section 6157 (relating to unemployment 
taxes). 
(4) Section 6163 (relating to estate taxes). 
(5) Section 6164 (relating to corporate taxes). 
(6) Section 6166 (relating to estate taxes). 
(7) Section 6167 (relating to foreign expropria-
tion losses). 
(8) Sections 6201, 6205, and 6207 (relating to 
assessments). 
(9) Subchapter C of chapter 63 of subtitle D 
(as so redesignated) (relating to tax treatment of 
partnership items). 
(10) Section 6305 (relating to collections of cer-
tain liabilities). 
(11) Sections 6314, 6315, 6316, and 6317 (re-
lating to payments of repealed taxes). 
(12) Sections 6324, 6324A, and 6324B (relat-
ing to liens for estate and gift taxes). 
(13) Section 6344 (relating to cross references). 
(14) Section 6411 (relating to carrybacks). 
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(15) Section 6413 (relating to employment 
taxes). 
(16) Section 6414 (relating to withheld income 
taxes). 
(17) Section 6422 (relating to cross references). 
(18) Section 6425 (relating to overpayment of 
corporate estimated taxes). 
(19) Section 6504 (relating to cross references). 
(20) Section 6652 (relating to failure to file 
certain information returns). 
(21) Sections 6654 and 6655 (relating to fail-
ure to payment estimated income tax). 
(22) Section 6662 (relating to penalties). 
(23) Sections 6677 through 6711 (relating to 
income tax related penalties). 
(24) Part II of subchapter B of chapter 68 (re-
lating to certain information returns). 
(25) Part I of subchapter A of chapter 70 (re-
lating to termination of taxable year). 
(26) 
Section 
6864 
(relating 
to 
certain 
carrybacks). 
(27) Section 7103 (relating to cross references). 
(28) Section 7204 (relating to withholding 
statements). 
(29) Section 7211 (relating certain statements). 
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(30) Section 7231 (relating to failure to obtain 
certain licenses). 
(31) Section 7270 (relating to insurance poli-
cies). 
(32) Section 7404 (relating to estate taxes). 
(33) Section 7407 (relating to income tax pre-
parers). 
(34) Section 7408 (relating to income tax shel-
ters). 
(35) Section 7409 (relating to 501(c)(3) organi-
zations). 
(36) Section 7427 (relating to income tax pre-
parers). 
(37) Section 7428 (relating to 501(c)(3) organi-
zations). 
(38) Section 7476 (relating to declaratory judg-
ments relating to retirement plans). 
(39) Section 7478 (relating to declaratory judg-
ments relating to certain tax-exempt obligations). 
(40) Section 7508 (relating to postponing time 
for certain actions required by the income, estate, 
and gift tax). 
(41) Section 7509 (relating to Postal Service 
payroll taxes). 
(42) Section 7512 (relating to payroll taxes). 
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(43) Section 7517 (relating to estate and gift 
tax evaluation). 
(44) Section 7518 (relating to Merchant Marine 
tax incentives). 
(45) Section 7519 (relating to taxable years). 
(46) Section 7520 (relating to insurance and 
annuity valuation tables). 
(47) Section 7523 (relating to reporting Fed-
eral income and outlays on Form 1040s). 
(48) Section 7611 (relating to church income 
tax exemptions and church unrelated business in-
come tax inquiries). 
(49) Section 7654 (relating to possessions’ in-
come taxes). 
(50) Section 7655 (relating to cross references). 
(51) Section 7701(a)(16). 
(52) Section 7701(a)(19). 
(53) Section 7701(a)(20). 
(54) Paragraphs (32) through (38) of section 
7701(a). 
(55) Paragraphs (41) through (46) of section 
7701(a). 
(56) Section 7701(b). 
(57) Subsections (e) through (m) of section 
7701. 
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