increase in tax base

increase in tax base Definition of Self-Employment Income Sec. 402. (a) (1) Subparagraph (B) of section 1402 (b) (1) of the Internal Revenue Code of 1954 is amended to read as follows: “(B) for any taxable year ending after 1954 and before 1959, (i) $4,200, minus (ii) the amount of the wages paid to such individual during the taxable year; and”. (2) Paragraph (1) of section 1402 (b) of such Code is further amended by adding at the end thereof the following new subparagraph: “(C) for any taxable year ending after 1958, (i) $4,800, minus (ii) the amount of the wages paid to such individual during the taxable year; or”. Definition of Wages (b) Section 3121 (a) of such Code (relating to the definition of wages) is amended by striking out “$4,200” wherever it appears and inserting in lieu thereof “$4,800”. Federal Service (c) Section 3122 of such Code (relating to Federal service) is amended by striking out “$4,200” wherever it appears and inserting in lieu thereof “$4,800”. 72 Stat. 1043 Refunds (d) (1) Paragraph (1) of section 6413 (c) of such Code is amended to read as follows: “(1) In general.—If by reason of an employee receiving wages from more than one employer during a calendar year after the calendar year 1950 and prior to the calendar year 1955, the wages received by him during such year exceed $3,600, the employee shall be entitled (subject to the provisions of section 31 (b)) to a credit or refund of any amount of tax, with respect to such wages, imposed by section 1400 of the Internal Revenue Code of 1939 and deducted from the employee’s wages (whether or not paid to the Secretary or his delegate), which exceeds the tax with respect to the first $3,600 of such wages received; or if by reason or an employee receiving wages from more than one employer (A) during any calendar year after the calendar year 1954 and prior to the calendar year 1959, the wages received by him during such year exceed $4,200, or (B) during any calendar year after the calendar year 1958, the wages received by him during such year exceed $4,800, the employee shall be entitled (subject to the provisions of section 31 (b)) to a credit or refund of any amount of tax, with respect to such wages, imposed by section 3101 and deducted from the employee’s wages (whether or not paid to the Secretary or his delegate), which exceeds the tax with respect to the first $4,200 of such wages received in such calendar year after 1954 and before 1959, or which exceeds the tax with respect to the first $4,800 of such wages received in such calendar year after 1958.” (2) Subparagraph (A) of section 6413 (c) (2) of such Code is amended to read as follows: “(A) Federal employees.—In the case of remuneration received from the United States or a wholly owned instrumentality thereof during any calendar year, each head of a Federal agency or instrumentality who makes a return pursuant to section 3122 and each agent, designated by the head of a Federal agency or instrumentality, who makes a return pursuant to such section shall, for purposes of this subsection, be deemed a separate employer, and the term ‘wages’ includes for purposes of this subsection the amount, not to exceed $3,600 for the calendar year 1951, 1952, 1953, or 1954, $4,200 for the calendar year 1955, 1956, 1957, or 1958, or $4,800 for any calendar year after 1958, determined by each such head or agent as constituting wages paid to an employee.” Effective Date (e) The amendments made by subsections (b) and (c) shall be applicable only with respect to remuneration paid after 1958.