disability insurance trust fund

disability insurance trust fund Sec. 305. (a) Section 201(b)(1) of the Social Security Act is amended by inserting “and before January 1, 1966,” after “December 31, 1956,”, and by inserting after “1954,” the following: “and 0.70 of 1 per centum of the wages (as so defined) paid after December 31, 1965, and so reported,”. (b) Section 201(b)(2) of such Act is amended by inserting after “December 31, 1956,” the following: “and before January 1, 1966, and 0.525 of 1 per centum of the amount of self-employment income (as so defined) so reported for any taxable year beginning after December 31, 1965,”.