# Treas. Reg. § 31.3301-3: Rate and computation of tax.

Source: eCFR as of 2026-10-19 <https://www.ecfr.gov/current/title-26/section-31.3301-3>. Interprets 26 U.S.C. § 3301.

(a) The rates of tax with respect to wages paid in calendar years after 1954 are as follows: 

|  | Percent |
| --- | --- |
| In the calendar years 1955 to 1960, both inclusive | 3 |
| In the calendar year 1961 | 3.1 |
| In the calendar year 1962 | 3.5 |
| In the calendar year 1963 | 3.35 |
| In the calendar year 1964 and subsequent calendar years | 3.1 |

(b) The tax is computed by applying to the wages paid in a calendar year, with respect to employment after December 31, 1938, the rate in effect at the time the wages are paid. 

[T.D. 6658, 28 FR 6632, June 27, 1963]