such security taken into account under this subparagraph for all prior calendar years. (B) Applicable percentage For purposes of clause (i), the applicable percentage is, with respect to any calendar year following the calendar year in which such security was received, the percentage determined in accordance with the following table: The applicable In the case of: percentage is: The first through tenth such calendar years 0 percent The eleventh such calendar year 10 percent The twelfth such calendar year 20 percent The thirteenth such calendar year 30 percent The fourteenth such calendar year 40 percent The fifteenth such calendar year 50 percent The sixteenth such calendar year 60 percent The seventeenth such calendar year 70 percent The eighteenth such calendar year 80 percent The nineteenth such calendar year 90 percent Any subsequent calendar year 100 percent. (c) Employment taxes Amounts excluded from gross income under subsection (a)(1) shall not be taken into account as wages for purposes of chapters 21, 22, 23, 23A, and 24. (d) Coordination with section 83 In the case of a transfer of employer securities to which subsection (a)(1) applies— (1) In general Section 83 shall not apply. (2) Deduction by employer There shall be allowed as a deduction under section 162, to the person for whom were performed the services in connection with which such securities were transferred, an amount equal to the fair market value of such securities (determined as of the time of such transfer). Such deduction shall be allowed for the taxable year which includes the date of such transfer. (e) Recapture if stock disposed during required holding period If an amount is excluded from gross income under subsection (a)(1) with respect to any employer security and the individual disposes of such security at any time during the 5-year period beginning on the date that such individual received such security— (1) the gross income of such individual for the taxable year which includes the date of such disposition shall be increased by