number of percentage points that bears the same ratio to 6.2 percent as— (A) the number of days of the payroll tax holiday period which are in such taxable year, bears to (B) the number of days in such taxable year. (2) Phaseout based on self-employment income In the case of any individual whose self-employment income for any taxable year exceeds an amount equal to the contribution and benefit base for calendar year 2020 (as determined under section 230 of the Social Security Act), the applicable number of percentage points with respect to such individual for such taxable year (determined without regard to this paragraph) shall be reduced by an amount which bears the same ratio to such applicable number of percentage points as— (A) such excess, bears to (B) $68,850. (e) Employer notification The Secretary of the Treasury shall notify employers of the payroll tax holiday period in any manner the Secretary deems appropriate. (f) Coordination with other Federal laws For purposes of applying any provision of Federal law other than the provisions of the Internal Revenue Code of 1986, the rate of tax in effect under section 3101(a) of such Code shall be determined without regard to the reduction in such rate under this section. 3. Protection of Social Security Trust Funds (a) Transfers to Federal Old-Age and Survivors Insurance Trust Fund There are hereby appropriated to the Federal Old-Age and Survivors Trust Fund and the Federal Disability Insurance Trust Fund established under section 201 of the Social Security Act ( 42 U.S.C. 401 ) amounts equal to the reduction in revenues to the Treasury by reason of the application of section 2(a). Amounts appropriated by the preceding sentence shall be transferred from the general fund at such times and in such manner as to replicate to the extent possible the transfers which would have occurred to such Trust Fund had such amendments not been enacted. (b) Transfers to social security equivalent benefit account There are hereby appropriated to the Social Security Equivalent