An Act to provide for a 4-month extension of the present temporary level in the public debt limitation
PL 92-336 (H.R.15390), enacted 07/01/1972

406 
PUBLIC LAW 92.336-JULY 1, 1972 
[86 STAT. 
Public Law 92-336 
July 1, 1972 
[H. R. 15390] 
Public debt 
limit; disaster 
losses; Social 
Security Act, 
amendments. 
Ante, p. 63. 
85 Stat. 5. 
76 Stat. 51. 
26 use 165. 
Effective date. 
AN ACT 
To provide for a four-month extension of the present temporary level in the 
public debt limitation, and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That Public Law 
92-250 and section 2(a) of Public Law 92-5 are each amended by 
striking out "June 30,1972," and inserting in lieu thereof "October 31, 
1972,". 
SEC. 2. (a) Section 165(h) (1) of the Internal Revenue Code of 1954 
(relating to disaster losses) is amended to read as follows: 
"(1) attributable to a disaster which occurs during the period 
after the close of the taxable year and on or before the last day of 
the 6th calendar month beginning after the close of the taxable 
year, and". 
(b) The amendment made by subsection (a) shall apply to disasters 
occurring after December 31, 1971, in taxable years ending after such 
date. 
85 Stat. 6. 
42 u s e 415. 
TITLE II—AMENDMENTS TO T H E SOCIAL 
SECURITY 
PROGRAM 
INCREASE IN OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE BENEFITS. 
AND IN BENEFITS FOR CERTAIN INDIVIDUALS AGE 72 OR OVER 
SEC. 201. (a) Section 215(a) of the Social Security Act is amended 
by striking out the table and inserting in lieu thereof the following: 
"TABLE FOR DETERMINING PRIMARY INSURANCE AMOUNT AND 
MAXIMUM FAMILY BENEFITS 
"I 
(Primary insurance 
benefit under 1939 Act, 
as modified) 
If an individual's primary 
insurance benefit (as deter-
mined under subsec. (d)) 
is— 
At least— 
$16.21 
16.86 
17.61 
18.41 
19.25 
20.01 
20.66 
2L29 
21.89 
22.29 
22.69 
23.09 
23.45 
23.77 
24.21 
24.61 
25.01 
25.49 
26.93 
26.41 
26.96 
27.47 
28.01 
But not 
more tlian— 
$16.20 
16.84 
17.60 
18.40 
19.24 
20.00 
20.64 
21.28 
21.88 
22.28 
22.68 
23; 08 
23.44 
23.76 
24.20 
24.60 
25.00 
25.48 
25.92 
26.40 
26.94 
27.46 
28.00 
28.68 
II 
(Primary 
insurance 
amount 
under 
1971 Act) 
Or Ills pri-
mary insur-
ance amount 
(as deter-
mined under 
subsec. 
(c)) i s -
$70.40 
71.50 
73.10 
74.50 
75.80 
77.40 
78.80 
80.10 
81.70 
83.10 
84.50 
85.80 
87.40 
88.90 
90.60 
91.90 
93.40 
95.10 
96.60 
98.20 
99.70 
101.10 
102.70 
104.20 
in 
(Average montlily wage) 
Or liis average montlily 
ws^e (as determined under 
subsec. (b)) is— 
At least— 
$77 
• 
79 
81 
82 
84 
But not 
more than— 
$76 
78 
80 
81 
83 
85 
86 
87 
88 
i 
89 
90 
i 
90 
91 
93 
95 
97 
98 
100 
102 
103 
105 
107 
92 
94 
96 
97 
99 
101 
102 
104 
106 
107 
108 
109 
110 
114 
119 
123 
113 
118 
122 
127 
IV 
(Primary 
insurance 
amount) 
Tlie amount 
referred 
to in tlie 
preceding 
par^raplis 
of tliis 
subsection 
shall be— 
$84.50 
85.80 
87.80 
89.40 
91.00 
92.90 
94.60 
96.20 
98.10 
99.80 
101.40 
103.00 
104.90 
106.70 
108.80 
110.30 
112.10 
114.20 
116.00 
117.90 
119.70 
121.40 
123.30 
125.10 
V 
(Maximum 
family 
benefits) 
And the 
maximum 
amount of 
benefits pay-
able (as pro-
vided in 
sec. 203(a)) 
on the basi 
of his wage^ 
and self-
employment 
income shall 
be— 
$126.80 
128.80 
131.70 
134.20 
136.50 
139.40 
141.90 
144.30 
147.20 
149.70 
152.20 
154.60 
157.40 
160.10 
163.20 
165.50 
168.20 
171.30 
173.90 
176.90 
179.60 
182.10 
185.00 
187.70 
86 STAT. ] 
PUBLIC L
A
W 92-336-JULY 1, 1972 
407 
"TABLE FOR DETERMINING PRIMARY INSURANCE AMOUNT AND 
MAXIMUM FAMILY BENEFITS—Continued 
"I 
(Primary Insurance 
benefit under 1939 Act, 
as modified) 
If an individual's primary 
insurance benefit (as deter-
mined under subsec. (d)) 
is— 
At least— 
$28.69 
29.26 
29.69 
30.37 
30.93 
31.37 
32.01 
32.61 
33.21 
33.89 
34.51 
36.01 
36.81 
36.41 
37.09 
37.61 
38.21 
39.13 
39.69 
40.34 
41.13 
41.77 
42.45 
43.21 
43.77 
44.46 
44.89 
But not 
more than— 
$29.25 
29.68 
30.36 
30.92 
31.36 
32.00 
32.60 
33.20 
33.88 
34 60 
36.00 
35.80 
36.40 
37.08 
37.60 
38.20 
39.12 
39.68 
40.33 
41.12 
41.76 
42.44 
43.20 
43.76 
44.44 
44.88 
45.60 
II 
(Primary 
insurance 
amount 
under 
1971 Act) 
Or liis pri-
mary insur-
ance amount 
(as deter-
mined under 
subsec. 
(c)) i s -
$106.90 
107.30 
108.70 
110.40 
111.90 
113.30 
116.00 
116.40 
118.00 
119.50 
121.00 
122.60 
124.00 
125.70 
127.20 
128.60 
130.30 
131.80 
133.10 
134.80 
136.30 
137.90 
139.40 
141.10 
142.60 
143.90 
145.60 
147.10 
148.40 
160.10 
151.60 
153.20 
164.70 
166.20 
157.90 
169.20 
160.90 
162.40 
163.80 
166.60 
166.90 
168.30 
170.00 
171.60 
173.20 
174.60 
176.00 
177.70 
179.10 
180.80 
182.20 
183.60 
186.30 
186.80 
188.50 
189.80 
191.30 
193.00 
194.40 
196.10 
197.40 
198.80 
200.20 
201.80 
203.10 
204.60 
206.10 
III 
(Average monthly wage) 
Or his average monthly 
wage (as determined under 
subsec. (b)) is— 
At least— 
$128 
133 
137 
142 
147 
151 
156 
161 
165 
170 
176 
179 
184 
189 
194 
198 
203 
208 
212 
217 
222 
226 
231 
236 
240 
245 
250 
254 
259 
264 
268 
273 
278 
282 
287 
292 
296 
301 
306 
310 
315 
320 
324 
329 
334 
338 
343 
348 
352 
367 
362 
366 
371 
376 
380 
386 
390 
394 
399 
404 
408 
413 
418 
422 
427 
432 
437 
But not 
more than— 
$132 
136 
141 
146 
150 
156 
160 
164 
169 
174 
178 
183 
188 
193 
197 
202 
207 
211 
216 
221 
225 
230 
236 
239 
244 
249 
253 
268 
263 
267 
272 
277 
281 
286 
291 
296 
300 
305 
309 
314 
319 
323 
328 
333 
337 
342 
347 
351 
356 
361 
365 
370 
376 
379 
384 
389 
393 
398 
403 
407 
412 
417 
421 
426 
431 
436 
440 
IV 
(Primary 
insurance 
amount) 
The amount 
referred 
to in the 
preceding 
paragraphs 
of this 
subsection 
shall be— 
$127.10 
128.80 
130.60 
132.60 
134.30 
136.00 
138.00 
139.70 
141.60 
143.40 
146.20 
147.20 
148.80 
160.90 
162.70 
164.40 
156.40 
168.20 
169.80 
161.80 
163.60 
166.50 
167.30 
169.40 
171.00 
172.70 
174.80 
176.60 
178.10 
180.20 
182.00 
183.90 
185.70 
187.50 
189.50 
191.10 
193.10 
194.90 
196.60 
198.60 
200.30 
202.00 
204.00 
206.80 
207.90 
209.40 
211.20 
213.30 
215.00 
217.00 
218.70 
220.40 
222.40 
224.20 
226.20 
227.80 
229.60 
231.60 
233.30 
235.40 
236.90 
238.60 
240.30 
242.20 
243.80 
246.40 
247.40 
V 
(Maximum 
family 
benefits) 
And the 
maximmn 
amount of 
benefits pay-
able (as pro-
vided in 
sec. 203(a)) 
on the basis 
of his wages 
and self-
employment 
income shall 
be— 
$190.70 
193.20 
196.80 
198.80 
201.50 
204.00 
207.00 
209.60 
212.40 
215.20 
217.80 
220.80 
223.20 
226.40 
229.10 
231.60 
234.60 
237.30 
239.70 
242.70 
246.40 
248.30 
251.00 
264.10 
267.80 
263.10 
267.30 
272.60 
277.80 
282.00 
287.30 
292.60 
296.80 
302.10 
307.40 
311.60 
316.80 
322.10 
326.40 
331.70 
337.00 
341.20 
346.50 
351.80 
366.00 
361.20 
366.50 
370.70 
376.00 
381.30 
386.60 
390.80 
396.00 
400.40 
405.60 
410.90 
415.10 
420.40 
425.70 
429.90 
435.20 
440.40 
444.60 
449.90 
466.20 
460.60 
462.60 
82-081 O - 73 - 29 
408 
PUBLIC L
A
W 92^36-JULY 1, 1972 
[86 STAT. 
"TABLE FOR DETERMINING PRIMARY INSURANCE AMOUNT AND 
MAXIMUM FAMILY BENEFITS—Continued 
"I 
(Primary insurance 
benefit under 1939 Act, 
as modified) 
If an individual's primary 
insurance benefit (as deter-
mined under subsec. (d)) 
is— 
At least— 
But not 
more tlian— 
II 
(Primary 
insurance 
amount 
under 
1971 Act) 
Or his pri-
mary insur-
ance amount 
(as deter-
mined under 
subsec. 
( c ) ) i s -
$207.40 
208.80 
210.40 
211.70 
213.10 
214.60 
216.10 
217.40 
218.80 
220.40 
221.70 
223.10 
224.70 
226.00 
227.40 
228.80 
230.30 
231.70 
233.10 
234.70 
236.00 
237.40 
239.00 
240.30 
241.70 
242.90 
244.20 
245.60 
246.80 
248.00 
249.30 
260.50 
261.80 
253.00 
251.40 
256.60 
256.90 
258.10 
259.40 
260.60 
262.00 
263.20 
264.50 
265.70 
267.00 
268.20 
269.60 
270.80 
272.10 
273.30 
274.60 
275.80 
276.60 
277.40 
278.40 
279.40 
280.40 
281.40 
282.40 
283.40 
284.40 
285.40 
III 
(Average monthly wj^e) 
Or his average monthly 
wage (as determined under 
subsec. (b)) is— 
At least— 
$441 
446 
451 
455 
460 
465 
469 
474 
479 
483 
488 
493 
497 
602 
507 
611 
516 
521 
626 
630 
535 
639 
644 
549 
554 
557 
561 
564 
568 
571 
675 
678 
682 
685 
589 
692 
696 
599 
603 
606 
610 
613 
617 
621 
624 
628 
631 
636 
638 
642 
646 
649 
653 
657 
661 
666 
671 
676 
681 
686 
691 
699 
But not 
more than— 
$445 
460 
464 
459 
464 
468 
473 
478 
482 
487 
492 
496 
601 
606 
610 
515 
620 
524 
529 
534 
638 
643 
648 
563 
566 
660 
563 
567 
570 
574 
6T7 
581 
584 
688 
591 
696 
598 
602 
606 
609 
612 
616 
620 
623 
627 
630 
634 
637 
641 
644 
648 
662 
656 
660 
666 
670 
676 
680 
686 
690 
696 
700 
IV 
(Primary 
insurance 
amount) 
The amount 
referred 
to in the 
preceding 
paragraphs 
of this 
subsection 
shall be— 
$248.90 
250.60 
252.60 
254.10 
265.80 
267.40 
259.40 
260.90 
262.60 
264.50 
266.10 
267.80 
269.70 
271.20 
272.90 
274.60 
276.40 
278.10 
279.80 
281.70 
283.20 
284.90 
286.80 
288.40 
290.10 
291.50 
293.10 
294.60 
296.20 
297.60 
299.20 
300.60 
302.20 
303.60 
305.30 
306.80 
308.30 
309.80 
311.30 
312.80 
314.40 
315.90 
317.40 
318.90 
320.40 
321.90 
323.40 
325.00 
326.60 
328.00 
329.60 
331.00 
332.00 
332.90 
334.10 
336.30 
338.60 
337.70 
338.90 
340.10 
341.30 
342.50 
V 
(Maximum 
family 
benefits) 
And the 
maximum 
amount of 
benefits pay-
able (as pro-
vided In 
sec. 203(a)) 
on the basis 
of his w ^ e s 
and self-
employment 
income shall 
be— 
$466.30 
467.90 
470.00 
472.60 
476.20 
477.40 
480.00 
482.70 
484.80 
487.60 
490.10 
492.20 
494.80 
497.40 
499.60 
502.20 
604.90 
506.90 
509.60 
512.20 
514.40 
517.00 
519.60 
522.30 
523.80 
626.00 
527.60 
529.70 
531.30 
533.30 
635.00 
537.00 
538.60 
540.80 
642.30 
544.60 
546.00 
648.20 
549.80 
561.80 
653.50 
555.50 
667.70 
669.20 
561.40 
563.30 
566.10 
568.70 
571.60 
674.00 
576.80 
679.30 
581.00 
582.60 
584.70 
586.80 
588.90 
591.00 
593.10 
696.20 
697.30 
699.40 
86 STAT. ] 
PUBLIC L
A
W 92^36-JULY 1, 1972 
409 
•TABLE FOR DETERMINING PRIMARY INSURANCE AMOUNT AND MAXIMUM 
FAMILY BENEFITS—Continued 
"I 
(Primary insurance 
benefit under 1939 Act, 
as modified) 
If an Individual's primary 
insurance benefit (as deter-
mined under subsec. (d)) 
i s -
At least— 
But not 
more than— 
II 
(Primary 
insurance 
amount 
under 
1971 Act) 
Or his pri-
mary insur-
ance amount 
(as deter-
mined under 
subsec. 
(c)) i s -
$286.40 
287.40 
288.40 
289.40 
290.40 
291.40 
292.40 
293.40 
294.40 
296.40 
III 
(Average monthly wage) 
Or his average monthly 
wage (as determined under 
subsec. (b)) is— 
At least— 
$701 
706 
711 
716 
721 
726 
731 
736 
741 
746 
761 
766 
761 
766 
771 
776 
781 
786 
791 
796 
801 
806 
811 
816 
821 
826 
831 
836 
841 
846 
861 
866 
861 
866 
871 
876 
881 
886 
891 
896 
901 
906 
911 
016 
921 
926 
931 
936 
941 
946 
961 
966 
961 
966 
971 
976 
981 
986 
991 
996 
But not 
more than— 
$706 
710 
716 
720 
726 
730 
736 
740 
746 
760 
766 
760 
766 
770 
776 
780 
786 
790 
796 
800 
806 
810 
816 
820 
826 
830 
836 
840 
846 
860 
866 
860 
866 
870 
876 
880 
886 
890 
896 
900 
906 
910 
916 
920 
926 
930 
936 
940 
946 
960 
966 
960 
966 
970 
976 
980 
986 
990 
996 
1,000 
rv 
(Primary 
insurance 
amount) 
The amount 
referred 
to in the 
preceding 
paragraphs 
of this 
subsection 
shall be— 
$343.70 
344.90 
346.10 
347.30 
348.60 
349.70 
360.90 
362.10 
363.30 
364.60 
366.60 
366.60 
367.60 
368.60 
369.60 
360.60 
361.60 
362.60 
363.60 
364.60 
366.60 
366.60 
367.60 
368.60 
369.60 
370.60 
371.60 
372.60 
373.60 
374.60 
376.60 
376.60 
377.60 
378.50 
379.60 
380.60 
381.60 
382.60 
383.60 
384.60 
386.60 
386.60 
387.60 
388.60 
389.60 
390.60 
391.60 
392.60 
393.60 
394.60 
396.60 
396.60 
397.60 
398.60 
399.60 
400.60 
401.60 
402.60 
403.60 
404.60 
V 
(Maximum 
family 
benefits) 
And the 
maximum 
amount of 
benefits pay-
able (as pro-
vided In 
sec. 203(a)) 
on the basis 
of his wages 
and self-
employment 
income shall 
be— 
$601.60 
603.60 
606.70 
607.80 
609.90 
612.00 
614.10 
616.20 
618.30 
620.40 
622.20 
623.90 
626.70 
627.40 
629.20 
630.90 
632.70. 
634.40 
636.20 
637.90 
639.70 
641.40 
643.20 
644.90 
646.70 
648.40 
660.20 
661.90 
663.70 
666.40 
667.20 
668.90 
660.70 
662.40 
664.20 
665.90 
667.70 
669.40 
671.20 
672.90 
674.70 
676.40 
678.20 
679.90 
681.70 
683.40 
685.20 
686.90 
688.70 
690.40 
692.20 
693.90 
696.70 
697. 40 
699.20 
700.90 
702.70 
704.40 
706.20 
707.90." 
410 
PUBLIC L
A
W 92-336-JULY 1, 1972 
[86 STAT. 
42 use'403. 
(^) Section 203(a) of such Act is amended by striking- out para-
graph (2) and inserting in lieu thereof the following: 
"(2) when two or more persons were entitled (without the 
^^42 use 402, 
application of section 202(j) (1) and section 223(b)) to monthly 
benefits under section 202 or 223 for August 1972 on the basis 
of the wages and self-employment income of such insured in-
dividual and the provisions of this subsection were applicable in 
January 1971 or any prior month in determining the total of 
the benefits for persons entitled for any such month on the basis 
of such wages and self-employment income, such total of bene-
fits for September 1972 or any subsequent month shall not be 
reduced to less than the larger of— 
"(A) the amount determined under this subsection with-
out regard to this paragraph, or 
"(B) an amount equal to the sum of the amounts derived 
by multiplying the benefit amount determined under this 
title for August 1972 (including this subsection, but with-
42 use 422. 
out the application of section 222(b), section 202(q), and 
subsections (b), (c), and (d) of this section), for each per-
son for such month, by 120 percent and raising such 
increased amount, if it is not a multiple of $0.10, to the next 
higher multiple of $0.10; 
7
2 Stat. 1017. 
^^^ ^^ g^j^y g^pj^ ^g^gg ^^^ paragraph (1) of this subsection shall 
not be applied to such total of benefits after the application of 
subparagraph (B), and (ii) if section 202(k) (2) (A) was appli-
cable in the case of any such benefits for September 1972, and 
ceases to apply after such month, the provisions of subparagraph 
(B) shall be applied, for and after the month in which section 
202(k)(2)(A) ceases to apply, as though paragraph (1) had 
not been applicable to such total of benefits for September 1972, 
or". 
72 Stat. 1013; 
(c) Sectiou 215 (a) of such Act is amended by striking out the mat-
^^r2^usc^4i5 
*®^ which precedes the table and inserting in lieu thereof the following: 
"(a) The primary insurance amount of an insured individual shall 
be determined as follows: 
" (1) Subject to the conditions specified in subsections (b), (c), 
416?*'' ^^' * ' 
'^^^ (^) of ^his section and except as provided in paragraph (2) 
81 Stat. 864. 
of this subscctiou, such primary msurance amount shall be which-
ever of the following amounts is the largest: 
Ante, p. 406. 
"(A) the amouut in column IV of the following table on 
the line on which in column I I I of such table appears his 
average monthly wage (as determined under subsection (b)); 
"(B) the amount in column IV of such table on the line 
on which in column I I appears his primary insurance amount 
(as determined under subsection (c)); or 
"(C) the amount in column IV of such table on the line 
on which in column I appears his primary insurance benefit 
(as determined under subsection (d)). 
"(2) In the case of an individual who was entitled to a dis-
ability insurance benefit for the month before the month in 
which he died, became entitled to old-age insurance benefits, or 
attained age 65, such primary insurance amount shall be the 
amount in column IV oi such table which is equal to the primary 
insurance amount upon which such disability insurance benefit is 
based; except that if such individual was entitled to a disability 
insurance benefit under section 223 for the month before the 
effective month of a new table and in the following month became 
entitled to an old-age insurance benefit, or he died in siTch follow-
85 Stat. 9. 
42 u s e 415. 
86 STAT. ] 
PUBLIC LAW 92-336-JULY 1, 1972 
411 
ing month then his primary insurance amount for such following 
month shall be the amount in column IV of the new table on the 
line on which in column I I of such table appears his primary 
insurance amount for the month before the effective month of 
the table (as determined under subsection (c)) instead of the 
amount in column IV equal to the primary insurance amomit 
on which his disability insurance benefit is based. For purposes 
of this paragraph, the term 'primary insurance amount' with 
respect to any individual means only a primary insurance amount 
determined under paragraph (1) (and such individual's benefits 
shall be deemed to be based upon the primary insurance amount 
as so determined)." 
(d) Section 215(b)(4) of such Act is amended by striking out 
"December 1970" each time it appears and inserting m lieu thereof 
"August 1972". 
(e) Section 215 (c) of such Act is amended to read as follows: 
83 stat. 74o. 
"Primary Insurance Amount Under Act of March 17,1971 
"(c) (1) For the purposes of column II of the table appearing in 
subsection (a) of this section, an individual's primary insurance 
^nte, p. 406. 
amount shall be computed on the basis of the law in effect prior to 
September 1972. 
"(2) The provisions of this subsection shall be applicable only in 
the case of an individual who became entitled to benefits under sec-
tion 202(a) or section 223 before September 1972, or who died be- 
42 use 402, 
fore such month." 
'•^a. 
(f) Section 215(f)(2) of such Act is amended by striking out 
ai stat. ses. 
"(a) (1) and (3)" and inserting in lieu thereof "(a)(1)(A) and 
(C)". 
(g)(1)(A) Section 227(a) of such Act is amended by strikmg 
85 stat. lo. 
out "$48.30" and inserting in lieu thereof "$58.00", and by striking 
^^ "^^ 
out "$24.20" and inserting in lieu thereof "$29.00". 
(B) Section 227(b) of such Act is amended by striking out "$48.30" 
and inserting in lieu thereof "$58.00". 
(2) (A) Section 228(b)(1) of such Act is amended bv striking 
42 use 428. 
out "$48.30" and inserting in lieu thereof "$58.00". 
(B) Section 228(b)(2) of such Act is amended by striking out 
"$48.30" and inserting in lieu thereof "$58.00", and by striking out 
"$24.20" and inserting m lieu thereof "$29.00". 
(C) Section 228(c)(2) of such Act is amended by striking out 
"$24.20" and inserting in lieu thereof "$29.00". 
(D) Section 228(c)(3)(A) of such Act is amended by striking 
out "$48.30'; and inserting in lieu thereof "$58.00". 
(E) Section 228(c)(3)(B) of such Act is amended by striking 
out "$24.20" and inserting in lieu thereof '$29.00". 
(h) (1) Section 203(a) of the Social Security Act (as amended by 
subsection (b) of this section) is further amended by striking out 
>inte,p. 410. 
"or" at the end of paragraj)h (2), by striking out the period at the 
end of paragraph (3) and inserting in lieu thereof ", or ", and by 
40 use 403' 
inserting after paragraph (3) the following new paragraph: 
"(4) notwithstanding any other provision of law, when— 
"(A) two or more persons are entitled to monthly benefits 
for a particular month on the basis of the wages and self-
employment income of an insured individual ajid (for such 
particular month) the provisions of this subsection and sec-
tion 202 (q) are applicable to such monthly benefits, and 
42 use 402. 
412 
PUBLIC LAW 92-336-JULY 1, 1972 
[86 STAT. 
IS 
42 u s e 402. 
83 Stat. 740. 
42 u s e 403 
note. 
Ante, pp. 410, 
411. 
Effective dates 
42 u s e 401. 
"(B) such individual's primary insurance amount 
increased for the following month under any proA'ision of 
this title, 
then the total of monthly benefits for all persons on the basis of 
such wages and self-employment income for such particular 
month, as determined under the provisions of this subsection, 
shall for purposes of determining the total monthly benefits for 
all persons on the basis of such wages and self-employment income 
for months subsequent to such particular month to be considered 
to have been increased by the smallest amount that would have 
been required in order to assure that the total of monthly benefits 
payable on the basis of such wa^s and self-employment income 
tor any such subsequent month will not be less (after the applica-
tion of the other provisions of this subsection and section 202 (q)) 
than the total oi monthly benefits (after the application of the 
other provisions of this subsection and section 202(q)) payable 
on the basis of such wages and self-employment income for such 
particular month." 
(2) In any case in which the provisions of section 1002(b) (2) of 
the Social Security Amendments of 1969 were applicable with respect 
to benefits for any month in 1970, the total of monthly benefits as de-
termined under section 203(a) of the Social Security Act shall, for 
months after 1970, be increased to the a«nount that would be required 
in order to assure that the total of such monthly benefits (after the 
application of section 202 (q) of such Act) will not be less than the 
total of monthly benefits that was applicable (after the application of 
such sections 203(a) and 202 (q) J for the first month for which the 
provisions of such section 1002(b) (2) applied. 
(i) The amendments made by this section (other than the amend-
ments made by subsections (g) and (h)) shall apply with respect to 
monthly benefits under title II of the Social Security Act for months 
after August 1972 and with respect to lump-sum death payments under 
such title in the case of deaths occurring after such month. The amend-
ments made by subsection (g) shall apply with respect to monthly 
benefits under title II of such Act for months after August 1972. The 
amendments made by subsection (h) (1) shall apply with respect to 
monthly benefits under title II of such Act for months after Decem-
ber 1971. 
AUTOMATIC ADJUSTMENTS I X BENEFITS AND I N THE CONTRIBUTION AND 
BENEFIT BASE 
74 Stat. 35. 
42 u s e 415. 
"Base quarter." 
"Cost-of-
living computation 
quarter." 
Adjustments in Benefits 
SEC. 202. (a) (1) Section 215 of the Social Security Act is amended 
by adding at the end thereof the following new subsection: 
"Cost-of-Living Increases in Benefits 
" (i) (1) For purposes of this subsection— 
"(A) the term 'base quarter' means (i) the calendar quarter 
ending on June 30 in each year after 1972, or (ii) any other 
calendar quarter in which occurs the effective month of a general 
benefit increase under this title; 
"(B) the term 'cost-of-living computation quarter' means a 
base quarter, as defined in subparagraph (A) (i), in which the 
Consumer Price Index prepared by the Department of Labor 
86 STAT. ] 
PUBLIC LAW 92-336-JULY 1, 1972 
413 
exceeds, by not less than 3 per centum, such Index in the later 
of (i) the last prior cost-ot-living computation quarter which 
was established under this subparagraph, or (ii) the most recent 
calendar quarter in which occurred the effective month of a gen-
eral benefit increase under this title; except that there shall be 
no cost-of-living computation quarter in any calendar year in 
which a law has been enacted providing a general benefit increase 
under this title or in which such a benefit increase becomes effec-
tive ; and 
"(C) the Consumer Price Index for a base quarter, a cost-of-
living computation quarter, or any other calendar quarter shall 
be the arithmetical mean of such index for the 3 months in 
such quarter. 
"(2)(A)(i) The Secretary shall determine each year beginning 
with 1974 (subject to the limitation in paragraph (1)(B) and to 
subpara^aph (E) of this paragraph) whether the base quarter (as 
defined m paragraph ( l ) ( A ) ( i ) ) in such year is a cost-of-living 
computation quarter. 
" (li) If the Secretary determines that such base quarter is a cost-of-
living computation quarter, he shall, effective with the month of 
January of the next calendar year (subject to subparagraph (E)) 
as provided in subparagraph (B), increase the benefit amount of each 
individual who for such month is entitled to benefits under section 227 
or 228, and the primary insurance amount of each other individual ^nte, p. 4iis 
under this title, by an amount derived by multiplying each such 
"•''P-'^^^-
amount (including each such individual's primary insurance amount 
or benefit amount under section 227 or 228 as previously increased 
under this subparagraph) by the same percentage (rounded to the 
nearest one-tenth of 1 percent) as the percentage by which the Con-
sumer Price Index for such cost-of-living computation quarter 
exceeds such index for the most recent prior calendar quarter which 
was a base quarter under paragraph (l)(A)(ii) or, if later, the 
most recent cost-of-living computation quarter under paragraph (1) 
(B). Any such increased amount which is not a multiple of $0.10 
shall be increased to the next higher multiple of $0.10. 
"(B) The increase provided by subparagraph (A) with respect 
to a particular cost-of-living computation quarter shall apply (sub-
ject to subparagraph (E)) in the case of monthly benefits UHder this 
title for months after December of the calendar year in which occurred 
such cost-of-living computation quarter, and in the case of lump-sum 
death payments with respect to deaths occurring after December of 
such calendar year. 
"(C) (i) Whenever the level of the Consumer Price Index as pub- 
Reports to con-
lished for any month exceeds by 2.5 percent or more the level of m?ttees?^^*^°'"' 
such index for the most recent base quarter (as defined in paragraph 
(1) (A) (ii)) or, if later, the most recent cost-of-living computation 
quarter, the Secretary shall (within 5 days after such publication) 
report the amount of such excess to the House Committee on Ways 
and Means and the Senate Committee on Finance. 
"(ii) Whenever the Secretary determines that a base quarter in 
a calendar year is also a cost-of-living computation quarter, he shall 
notify the House Committee on Ways and Means and the Senate 
Committee on Finance of such determination on or before August 15 
of such calendar year, indicating the amount of the benefit increase 
to be provided, his estimate of the extent to which the cost of such 
increase would be met by an increase in the contribution and benefit 
414 
PUBLIC LAW 92-336-JULY 1, 1972 
[86 STAT. 
Post, p. 417. 
hiise under section 230 and the estimated amount of the increase in 
such base, the actuarial estimates of the effect of such increase, and the 
actuarial assumptions and methodology used in preparing such 
estimates. 
pfd'eViilitg^s^^r. 
"(D) If the Secretary determines that a base quarter in a calendar 
year is also a cost-of-living computation quarter, he shall publish in 
the Federal Register on or before November 1 of such calendar year 
a determination that a benefit increase is resultantly required and 
the percentage thereof. He shall also publish in the Federal Reg-
ister at that time (along with the increased benefit amounts which 
shall be deemed to be the amounts appearing in sections 227 and 
-Ante, p. 411; 
228) a revision of the table of benefits contained in subsection (a) of 
°Anie','p.^466. ^liis section (as it may have been most recently revised by another 
law or pursuant to this paragraph); and such revised table shall be 
deemed to be the table appearing in such subsection (a). Such 
revision shall be determined as follows: 
benenu ^tabi^"^ 
"^l) '^^^ headings of the table shall be the same as the head-
re"uion' c
^
o
m
- 
ings ill the table immediately prior to its revision, except that 
putation. 
the parenthetical phrase at the beginning of column II shall 
reflect the year in which the primary insurance amounts set 
forth in column IV of the table immediately prior to its revision 
were effective. 
"(ii^ The amounts on each line of column I and column III, 
except as otherwise provided by clause (v) of this subparagraph, 
shall be the same as the amounts appearing in each such column 
in the table immediately prior to its revision. 
"(iii) The amount on each line of column I I shall be changed 
to the amount shown on the corresponding line of column IV of 
the table immediately prior to its revision. 
"(iv) The amounts on each line of column IV and column 
V shall be increased from the amounts shown in the table imme-
diately prior to its revision by increasing each such amount by 
the percentage specified in subparagraph (A) (ii) of this para-
graph. The amount on each line of column V shall be increased, 
if necessary, so that such amount is at least equal to one and 
one-half times the amount shown on the corresponding line in 
column IV. Any such increased amount which is not a multiple 
of $0.10 shall be increased to the next higher multiple of $0.10. 
"(v) If the contribution and benefit base (determined under 
section 230) for the calendar year in which the table of benefits is 
revised is lower than such base for the following calendar year, 
columns III, IV, and V of such table shall be extended. The 
amounts on each additional line of column I I I shall be the amounts 
on the preceding line increased by $5 until in the last such line of 
column I I I the second figure is equal to one-twelfth of the new 
contribution and benefit base for the calendar year following the 
calendar year in which such table of benefits is revised. The 
amount on each additional line of column IV shall be the amount 
on the preceding line increased by $1.00, until the amount on the 
last line of such column is equal to the last line of such column as 
determined under clause (iv) plus 20 percent of one-twelfth of 
the excess of the new contribution and benefit base for the 
calendar year following the calendar year in which such table of 
benefits is revised (as determined under section 230) over such 
base for the calendar year in which the table of benefits is revised. 
The amount in each additional line of column V shall be equal 
to 1.75 times the amount on the same line of column IV. Any 
86 STAT. ] 
PUBLIC LAW 92-336-JULY 1, 1972 
415 
such iiicleased aniount which is not a multiple of $0.10 shall be 
increased to the next higher multiple of $0.10. 
"(E) Notwithstanding a determination by the Secretary under 
subparagraph (A) that a base quaiter in any calendar year is a cost-
of-living computation quarter (and notwithstanding any notification 
or publication thereof under subparagraph (C) or ( D ) ) , n o increase 
in benefits shall take effect pursuant thereto, and such quarter shall be 
deemed not to be a cost-of-living computation quarter, if during the 
calendar year in which such determination is made a law providing a 
general benefit increase under this title is enacted or becomes effective. 
"(3) As used in this subsection, the term 'general benefit increase 
"Generaibenefit 
under this title' means an increase (other than an increase under this thirutie."* 
subsection) in all primary insurance amounts on which monthly insur-
ance benefits under this title are based." 
(2) (A) Effective January 1, 1974, section 203(a) of such Act is 
Effective dates, 
amended by striking out "the table in section 215(a)" in the matter 
H use 403.^' 
preceding paragraph (1) and inserting in lieu thereof "the table in or 
deemed to be in section 215 (a)". 
Ante, p. 406. 
(B) Effective January 1, 1974, section 203(a) (2) of such Act (as 
amended by section 201(b) of this Act) is further amended to read 
Ante, p. 4io. 
as follows: 
"(2) when two or more persons were entitled (without the 
application of section 202(j) (1) and section 223(b)) to monthly 423: ^^^ ^'^^' 
benefits under section 202 or 223 for January 1971 or any prior 
month on the basis of the wages and self-employment income of 
such insured individual and the provisions of this subsection as 
in effect for any such month were applicable in determining 
the benefit amount of any persons on the basis of such wages and 
self-employment income, the total of benefits for any month 
after January 1971 shall not be reduced to less than the largest 
of— 
" (A) the amount determined under this subsection without 
regard to this paragraph, 
(B) the largest amount which has been determined for 
any month under this subsection for persons entitled to 
monthly benefits on the basis of such insured individual's 
wages and self-employment income, or 
"(C) if any persons are entitled to benefits on the basis of 
such wages and self-employment income for the month before 
the effective month (after September 1972) of a general bene-
fit increase under this title (as defined in section 215(i) (3)) 
or a benefit increase under the provisions of section 215 (i), an 
amount equal to the sum of amounts derived by multiplying 
the benefit amount determined under this title for the month 
before such effective month including this subsection, but 
without the application of section 222 (b), section 202 (q), and 
42 use 422. 
subsections (b), (c), and (d) of this section), for each such '*<'2. 
person for such month, by a percentage equal to the per-
centage of the increase provided under such benefit increase 
(with any such increased amount which is not a multiple of 
$0.10 being rounded to the next higher multiple of $0.10); 
but in any such case (i) paragraph (1) of this subsection shall 
not be applied to such total of benefits after the application of 
subparagraph (B) or (C), and (ii) if section 202(k) (2) (A) was 
applicable in the case of any such benefits for a month, and ceases 
to apply for a month after such montli, the provisions of sub-
416 
PUBLIC LAW 92-336-JULY 1, 1972 
[86 STAT. 
42 u s e 402. 
Effective dates. 
Ante, p. 412. 
81 Stat. 827; 
Ante, p. 411. 
42 u s e 402, 
423. 
{Ante, p. 411. 
paragraph (B) or (C) shall be applied, for and after the month 
in which section 202(k) (2) (A) ceases to apply, as though para-
graph (1) had not been applicable to such total of benefits for 
the last month for which subparagraph (B) or (C) was appli-
cable, or". 
(3) (A) Effective January 1, 1975, section 215 (a) of such Act (as 
amended by section 201(c) of this Act) is further amended— 
(i) by inserting "(or, if larger, the amount in column IV of 
the latest taible deemed to be such table under subsection 
(i) (2) ( D ) ) " after "the following table" in paragraph (1) (A); 
and 
(ii) by inserting " (whether enacted by another law or deemed to 
be such table under subsection ( i ) ( 2 ) ( D ) ) " after 
"effective 
month of a new table" in paragraph (2). 
(B) Effective January 1, 1975, section 215(b) (4) of such Act (as 
amended by section 201(d) of this Act) is further amended to read 
as follows: 
" (4) The provisions of this subsection shall be applicable only in 
the case of an individual— 
"(A) who becomes entitled to benefits under section 202(a) or 
section 223 in or after the month in which a new table that ap-
pears in (or is deemed by subsection (i) (2) (D) to appear in) 
subsection (a) becomes effective; or 
"(B) who dies in or after the month in which such table be-
comes effective without being entitled to benefits under section 
202 (a) o^ section 223; or 
"(U) whose primary insurance amount is required to be re-
coniputedunder subsection (f) (2)." 
(C) Effective January 1, 1975, section 215(c) of such Act (as 
amended by section 201(e) of this Act) is further amended to read 
as follows: 
Ante, p. 406. 
Ante, p. 412. 
53 Stat. 1362. 
42 u s e 401. 
"Primary Insurance Amount Under Prior Provisions 
"(c)(1) For the purposes of column I I of the latest table that 
appears in (or is deemed to appear in) subsection (a) of this section, 
an individual's primary insurance amount shall be computed on the 
basis of the law in effect prior to the month in which the latest such 
table became effective. 
"(2) The provisions of this subsection shall be applicable only in 
the case of an individual who became entitled to benefits under section 
•202(a) or section 223, or who died, before such effective month." 
(4) Effective January 1, 1975, sections 227 and 228 of such Act 
(as amended by section 201(g) of this Act) are further amended by 
striking out "$58.00" wherever it appears and inserting in lieu thereof 
"the larger of $58,00 or the amount most recently established in lieu 
thereof under section 215 (i)", and by striking out "$29.00" wherever 
it appears and inserting in lieu thereof "the larger of $29.00 or 
the amount most recently established in lieu thereof under section 
215 (i)". 
Adjustments in Contribution and Benefit Base 
(b) (1) Title I I of the Social Security Act is amended by adding 
at the end thereof the following new section: 
86 STAT. ] 
PUBLIC LAW 92-336-JULY 1, 1972 
417 
a 
ADJUSTMENT OF THE CONTRIBUTION AND BENEFIT BASE 
"SEC. 230. (a) Whenever the Secretary pursuant to section 215(i) 
increases benefits effective with the fii'st month of the calendar year 
following a cost-of-living computation quarter, he shall also deter-
mine and publish in the Federal Register on or before November 1 of 
the calendar year in which such quarter occurs (along with the pub-
lication of such benefit increase as required by section 215(i) (2) (D)) 
the contribution and benefit base determined under subsection (b) 
which shall be effective (unless such increase in benefits is prevented 
from becoming effective by section 215(i) (2^ (E)) wdth respect to 
remuneration paid after the calendar year in which such quarter 
occurs and taxable years beginning after such year. 
"(b) The amount of such contribution and benefit base shall be the 
amount of the contribution and benefit base in effect in the year in 
which the determination is made or, if larger, the product of— 
"(1) the contribution and benefit base which was in effect with 
respect to remuneration paid in (and taxable years beginning in) 
the calendar year in which the determination under subsection 
(a) with respect to such particular calendar year was made, and 
"(2) the ratio of (A) the average of the taxable wages of all 
employees as reported to the Secretary for the first calendar 
quarter of the calendar year in which the determination under 
subsection (a) with respect to such particular calendar year 
was made to the latest or (B) the average of the taxable wages 
of all employees as reported to the Secretary for the first calendar 
quarter of 1973 or the first calendar quarter of the most recent 
calendar year in which an increase in the contribution and bene-
fit base was enacted or a determination resulting in such an 
increase was made under subsection (a), 
with such product, if not a multiple of $300, being rounded to the next 
higher multiple of $300 where such product is a multiple of $150 but 
not of $300 and to the nearest multiple of $300 in any other case. 
"(c) For purpK)ses of this section, and for purposes of determining 
wages and self-employment income under sections 209, 211, 213, and 
215 of this Act and sections 1402, 3121, 3122, 3125, 6413, and 6654 of 
the Internal Revenue Code of 1954, the 'contribution and benefit base' 
with respect to remuneration paid in (and taxable years beginning 
in) any calendar year after 1973 and prior to the calendar year with 
the first m,onth of which the first increase in benefits pursuant to sec-
tion 215 (i) of this Act becomes effective shall be $12,000 or (if appli-
cable) such other amount as may be specified in a law enacted 
subsequent to the law which added this section." 
Ante, p. 412. 
Publication In 
Federal Register. 
"Contribution 
and benefit base." 
Intra; 
Post, 
p. 418; Ante, pp. 
406-416. 
Post, 
pp. 418-
420. 
INCREASE OF EARNINGS COUNTED FOR BENEFIT AND TAX PURPOSES 
SEC. 203. (a) (1) (A) Section 209(a) (6) of the Social Security Act 
is amended by inserting "and prior to 1973" after "1971". 
(B) Section 209(a) of such Act is further amended by adding at 
the end thereof the following new pa,ra^raphs: 
"(7) That part of remuneration which, after remuneration (other 
than remuneration referred to in the succeeding subsections of this 
section) equal to $10,800 with respect to employment has been paid 
to an individual during any calendar year after 1972 and prior to 
1974, is paid to such individual during such calendar year; 
85 Stat. 10. 
42 u s e 409. 
Ante, p. 417. 
85 Stat. 10. 
418 
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 indi-
vidual 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;". 
42 use 4T1. 
(2) (A) Section 211 (b) (1) (F) of such Act is amended by inserting 
"and prior to 1973" after "1971", and by striking out"; or" and insert-
ing 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 insertmg 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". 
42 use 415. 
(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 Eevenue Code 
85 Stat. 11. 
of 1954 (relating to definition of self-employment income) is amended 
26 use 1402. 
\ 
» 
r 
^ 
42 u s e 413. 
86 STAT. ] 
PUBLIC LAW 92-336-JULY 1, 1972 
419 
Ante, p. 4lg. 
85 Stat. 11. 
26 u s e 3121. 
by inserting "and before 1973" after "1971", and by striking out 
"; or" and inserting in lieu thereof "; and". 
(B) Section 1402(b) (1) of such Code is further amended by add-
ing at the end thereof the following new subparagraphs: 
"(G) for any taxable year beginning after 1972 and before 
1974, (i) $10,800, minus (ii) the amount of the wages paid to 
such individual during the taxable year; 
"(H) for any taxable year beginning after 1973 and before 
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 of the Social Security Act) which 
^"'O' P- 417 
is effective for such calendar year, minus (ii) the amount of the 
wages paid to such individual during such taxable year; or". 
(2) (A) Section 3121(a) (1) of such Code (relating to definition of 
wages) is amended by striking out "$9,000" each place it appears 
and inserting in lieu thereof "$10,800". 
(B) Effective with respect to remuneration paid after 1973, section 
3121(a) (1) of such Code is amended by striking out "$10,800" each 
place it appears and inserting in lieu thereof "$12,000". 
(C) Effective with respect to remuneration paid after 1974, section 
3121(a) (1) of such Code is amended— 
(i) by striking out "$12,000" each place it appears and insert-
ing m lieu thereof "the contribution and benefit bace (as deter-
mined under section 230 of the Social Security Act)", and 
(ii) by striking out "by an employer during any calendar year", 
and inserting in lieu thereof "by an employer during the calendar 
year with respect to which such contribution and benefit base is 
effective". 
(3) (A) The second sentence of section 3122 of such Code (relating 
to Federal service) is amended by striking out "$9,000" and inserting 
in lieu thereof "$10,800". 
(B) Effective with respect to remuneration paid after 1973, the sec-
ond sentence of section 3122 of such Code is amended by striking out 
"$10,800" and inserting in lieu thereof "$12,000". 
(C) Effective with respect to remuneration paid after 1974, the sec-
ond sentence of section 3122 of such Code is amended by striking out 
"the $12,000 limitation" and inserting in lieu thereof "the contribution 
and benefit base limitation". 
(4) (A) Section 3125 of such Code (relating to returns in the case 
of governmental employees in Guam, American Samoa, and the Dis-
trict of Columbia) is amended by striking out "$9,000" where it 
appears in subsections (a), (b), and (c) and inserting in lieu thereof 
"$10,800". 
(B) Effective with respect to remuneration paid after 1973, sec-
tion 3125 of such Code is amended by striking out "$10,800" where it 
appears in subsections (a), (b), and (c) and inserting in lieu thereof 
"$12,000". 
(C) Effective with respect to remuneration paid after 1974, sec-
tion 3125 of such Code is amended by striking out "the $12,000 limi-
tation" where it appears in subsections (a), (b), and (c) and inserting 
in lieu thereof "the contribution and benefit base limitation". 
(5) Section 6413(c) (1) of such Code (relating to special refunds 
of employment taxes) is amended— 
(A) by inserting "and prior to the calendar year 1973" after 
"the calendar year 1971"; 
26 use 6413. 
420 
PUBLIC LAW 92-336-JULY 1, 1972 
[86 STAT. 
(B) by inserting after "exceed $9,000," the following: "or 
(F) during any calendar year after the calendar year 1972 and 
prior to the calendar year 1974, the wages received by him during 
such year exceed $10,800, or (G) during any calendar year after 
the calendar year 1973 and prior to the calendar year 1975, the 
wa^es received by him during such year exceed $12,000, or (H) 
during any calendar year after 1974, the wages received by him 
during such year exceed the contribution and benefit base (as 
Ante, p . 417. 
determined under section 230 of the Social Security Act) which 
is effective with respect to such year,"; and 
(C) by inserting before the period at the end thereof the fol-
lowing : "and before 1973, or which exceeds the tax with respect 
to the first $10,800 of such wages received in such calendar year 
after 1972 and before 1974, or which exceeds the tax with respect 
to the first $12,000 of such wages received in such calendar year 
after 1973 and before 1975, or which exceeds the tax with respect 
to an amount of such wages received in such calendar year after 
1974 equal to the contribution and benefit base (as determined 
under section 230 of the Social Security Act) which is effective 
with respect to such year". 
sssta^.ii.^ 
(6) Section 6413(a)(2)(A) of such Code (relating to refunds of 
"''""- 
employment taxes in the case of Federal employees) is amended by 
striking out "or $9,000 for any calendar year after 1971" and inserting 
in lieu thereof "$9,000 for the calendar year 1972, $10,800 for the 
calendar year 1973, $12,000 for the calendar year 1974, or an amount 
equal to the contribution and benefit base (as determined under sec-
tion 230 of the Social Security Act) for any calendar year after 1974 
with respect to which such contribution and benefit base is effective". 
(7) (A) Section 6654(d) (2) (B) (ii) of such Code (relating to 
failure by individual to pay estimated income tax) is amended by 
striking out "$9,000" and inserting in lieu thereof "$10,800". 
(B) Effective with respect to taxable years beginning after 1973, 
section 6654(d) (2) (B) (ii) of such Code is amended by striking out 
"$10,800" and inserting in lieu thereof "$12,000". 
(C) Effective with respect to taxable years beginning after 1974, 
section 6654(d) (2) (B) (ii) of such Code is amended by striking out 
"the excess of $12,000 over the amount" and inserting in lieu thereof 
"the excess of (I) an amount equal to the contribution and benefit 
base (as determined under section 230 of the Social Security Act) 
which is effective for the calendar year in which the taxable year 
begins, over (II) the amount". 
(c) The amendments made by subsections (a)(1) and (a)(3)(A), 
and the amendments made by subsection (b) (except paragraphs 
(1) and (7) thereof), shall apply only with respect to remunera-
tion paid after December 1972. The amendments made by subsections 
(a)(2), (a)(3)(B), (b)(1), and (b)(7) shall apply only with 
respect to taxable years beginning after 1972. The amendment made 
bv subsection (a) (4) shall apply only with respect to calendar years 
after 1972. 
CHANGES IN TAX SCHEDULES 
SEC. 204. (a)(1) Section 1401(a) of the Internal Revenue Code 
81 Stat. 835. 
of 1954 (relating to rate of tax on self-employment income for pur-
poses of old-age, survivors, and disability insurance) is amended— 
(A) 
by striking out "and before January 1, 1973" in 
paragraph (3) and inserting in lieu thereof "and before January 1, 
1978"; 
86 STAT. ] 
PUBLIC LAW 92.336-JULY 1, 1972 
421 
(B) by striking out ''and" at the end of paragraph (3); and 
(C) by striking out paragraph (4) and inserting in lieu thereof 
the following: 
"(4) in the case of any taxable year beginning after Decem-
ber 31, 1977, and before January 1, 2011, the tax shall be equal 
to 6.7 percent of the amount of the self-employment income for 
such taxable year; and 
"(5) in the case of any taxable year beginning after Decem-
ber 31, 2010, the tax shall be equal to 7.0 percent of the amount 
of the self-employment income for such taxable year." 
[2) Section 3101(a) of such Code (relating to rate of tax on em- 
si stat. 836. 
ployees for purposes of old-age, survivors, and disability insurance) 
^^ "®^ ^*°^* 
IS amended— 
(A) by striking out "the calendar years 1971 and 1972" in 
paragraph (3) ana inserting in lieu thereof "any of the calendar 
years 1971 through 1977"; and 
(B) by striking out paragraphs (4) and (5) and inserting in 
as stat. ii. 
lieu thereof the following: 
" (4) with respect to wages received during any of the calendar 
years 1978 through 2010, me rate shaiU be 4.5 percent; and 
"(5) with respect to wages received after December 31, 2010, 
the rate shall be 5.35 percent." 
(3) Section 3111(a) of such Code (relating to rate of tax on em-
ployers for purposes of old-age, survivors, and disability insurance) 
IS amended— 
^ 
(A) by striking out "the calendar years 1971 and 1972" in para-
graph (h) and inserting in lieu thereof "any of the calendar 
years 1971 through 1977"; and 
(B) by strikmg out paragraphs (4) and (5) and inserting 
in lieu thereof the tollowmg: 
"(4) with respect to wages paid during any of the calendar 
years 1978 through 2010, the rate shall be 4.5 percent; and 
"(5) with respect to wages paid after December 31, 2010, 
the rate shall be 5.35 percent." 
(b) (1) Section 1401(b) of such Code (relating to rate of tax on 
®
^ ®**'- ^3^-
self-employment income for purposes of hospital insurance) 
is 
amended by striking out paragraphs (2) through (5) and inserting in 
lieu thereof the following: 
"(2) in the case of any taxable year beginning after Decem-
ber 31, 1972, and before January 1, 1978, the tax shall be equal 
to 0.9 percent of the amount of the self-employment income for 
such taxable year; 
"(3) in the case of any taxable year beginning after Decem-
ber 31, 1977, and before January 1, 1986, the tax shall be equal 
to 1.0 percent of the amount of the self-employment income 
for such taxable year; 
"(4) in the case of any taxable year beginning after Decem-
ber 31, 1985, and before January 1, 1993, the tax shall be equal 
to 1.1 percent of the amount of the self-employment income for 
such taxable year; and 
"(5) in the case of any taxable year beginning after Decem-
ber 31,1992, the tax shall be equal to 1.2 percent of the amount of 
the self-employment income for such taxable year." 
(2) Section 3101(b) of such Code (relating to rate of tax on 
employees for purposes of hospital insurance) is amended by striking 
out paragraphs (2) through (5) and inserting in lieu thereof the 
following: 
422 
PUBLIC LAW 92-336^JULY 1, 1972 
[86 STAT. 
"(2) with respect to wages received during the calendar years 
1973,1974,1975,1976, and 1977, the rate shall be 0.9 percent; 
"(3) with respect to wages received during the calendar years 
1978,1979,1980,1981,1982,1983,1984, and 1985, the rate shall be 
1.0 percent; 
"(4) with respect to wages received during the calendar years 
1986, 1987, 1988, 1989, 1990, 1991, and 1992, the rate shall be 1.1 
percent; and 
"(5) with respect to wages received after December 31, 1992, 
the rate shall be 1.2 percent." 
26 use aui 
(^) Section 3111(b) of such Code (relating to rate of tax on 
employers for purposes of hospital insurance) is amended by striking 
out paragraphs (2) through (5) and inserting in lieu thereof the 
following: 
" (2) with respect to wages paid during the calendar years 1973, 
1974, 1975, 1976, and 1977, the rate shall be 0.9 percent; 
"(3) with respect to wages paid during the calendar years 
1978, 1979, 1980, 1981, 1982, 1983, 1984, and 1985, the rate shall 
be 1.0 percent; 
"(4) with respect to wages paid during the calendar years 
1986, 1987, 1988, 1989, 1990, 1991, and 1992, the rate shall be 1.1 
percent; and 
"(5) with respect to wages paid after December 31, 1992, the 
rate shall be 1.2 percent." 
Effective dates. 
(c) The amendments made by subsections (a)(1) and (b)(1) 
shall apply only with respect to taxable years beginning 
after 
December 31, 1972. The remaining amendments made by this section 
shall apply only with respect to remuneration paid after Decem-
ber 31,1972. 
ALLOCATIOIir TO DISABILITY INSURANCE 
TRUST 
F U N D 
„ 70 Stat. 819; 
8^0. 205. (a) Scctiou 201(b)(1) of the Social Security Act is 
83 otat. 741. 
-• -• 
^ ' 
\ 
/ \ / 
" 
42 use 401. 
amended— 
(1) by striking out "and (D)" and inserting in lieu thereof 
^"(D)",and 
(2) by striking out "1969, and so reported," and inserting in lieu 
thereof "1969, and before January 1, 1973, and so reported, (E) 
1.0 per centum of the wages (as so defined) paid after Decem-
ber 31, 1972, and before January 1, 1978, and so reported, (F) 
1.1 per centum of the wages (as so defined) paid after Decem-
ber 31, 1977, and before January 1, 2011, and so reported, and 
(G) 1.4 per centum of the wages (as so defined) paid after 
December 31,2010, and so reported,". 
(b) Section 201(b) (2) of such Act is amended— 
(1) by striking out "and (D)" and inserting in lieu thereof 
"(D)", and 
(2) by striking out "beginning after December 31, 1969," and 
inserting in lieu thereof "beginning after December 31,1969, and 
before January 1, 1973, (E) 0.75 of 1 per centum of the amount 
of self-employment income (as so defined) so reported for any 
taxable year beginning after December 31,1972, and before Janu-
ary 1, 1978, (F) 0.825 per centum of the amount of self-employ-
ment income (as so defined) so reported for any taxable year 
beginning after December 31, 1977, and before January 1, 2011, 
and (G) 0.915 per centum of the amount of self-employment 
income (as so defined) so reported for any taxable year beginning 
after December 31,2010,". 
Approved July 1, 1972.