55 STAT.] 77TH CONG. , 1 ST SESS.-CH. 412-SEPT. 20, 1941 "If the net estate is: The tentative tax shall be: Over $4,000,000 but not over $1,838,200, plus 63% of excess over $5,000,000 . $4,000 ,000 . Over $5,000,000 but not over $2,468,200, plus 67% of excess over $6,000,000 . $5,000,000 . Over $6,000,000 but not over $3,138,200, plus 70% of excess over $7,000,000 . $6,000 ,000. Over $7,000 ,000 but not over $3,838,200, plus 73% of excess over $8,000 ,000. $7,000 ,000. Over $8,000 ,000 but not over $4,568,200, plus 76% of excess over $10,000,000. $8,000,000. Over $10,000 ,000 -- -- -- - -
$6,088 ,200 , plus 77% of excess over $10,000 ,000 ." (b) DEFENSE TAX REPEALED. -Subchapter C of Chapter 3 of the Internal Revenue Code is repealed. (c) ErFFETIvE DATE. -Subsections (a) and (b) shall be effective only with respect to estates of decedents dying after the date of the enactment of this Act. SEC. 402. GIFT TAX RATES. (a) RATEs.- The Rate Schedule of section 1001 of the Internal Revenue Code is amended to read as follows: 'If the net gifts are: Not over $5,000----
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Over $5,000 but not over $10,000----- Over $10,000 but not over $20,000----- Over $20,000 but not over $30,000----- Over $30,000 but not over $40,000----- Over $40,000 but not over $50,000---- Over $50,000 but not over $60,000- - - Over $60,000 but not over $100,000 - -- - Over $100,000 but not over $250,000- -- Over $250,000 but not over $500,000 --- Over $500,000 but not over $750,000-- Over $750,000 but not over $1,000 ,000 - Over $1,000 ,000 $1,250,000. Over $1,250,000 $1,500 ,000 . Over $1,500 ,000 $2,000 ,000 . Over $2,000,000 $2,500,000. Over $2,500,000 $3,000,000. Over $3,000,000 $3,500,000. Over $3,500,000 $4,000,000. Over $4,000 ,000 $5,000,000. Over $5,000 ,000 $6,000,000. Over $6,000,000 $7,000 ,000. Over $7,000,000 $8,000 ,000. Over $8,000,000 $10,000 ,000 . Over $10,000,000-- but but but but but but but but but but but but not not not not not not not not not not not not over over over over over over over over over over over over The tax shall be: 2i% of the net gifts. $112.50, plus 5i% of excess over $5,000 . $375, plus 8i% of excess over $10,000. $1,200, plus 10i% of excess over $20,000 . $2,250, plus 13i% of excess over $30,000. $3,600, plus 16i% of excess over $40,000. $5,250, plus 181% of excess over $50,000 . $7,125 , plus 21% of excess over $60,000 . $15,525, plus 221% of excess over $100,000 . $49,275, plus 24% of excess over $250,000 . $109,275, plus 261% of excess over $50,(0o0. $17-1,10).1plus 27i% of excess over $750,(W)). $2-1.1,275, plus 29f% of excess over $1.000,0(0. $317,400, plus 311% of excess over $1,250 ,000 . $386,150, plus 331% of excess over $1,500,000. $564,900, plus 36i% of excess over $2,000 ,000 . $748,650 , plus 391% of excess over $2,500 ,000. $947,400, plus 42% of excess over $3,000 ,000 . $1,157,400 , plus 441% of excess over $3,500 ,000 . $1,378,650, plus 471% of excess over $4.000 ,000 . $1.851,150, plus 501% of excess over $5,000 ,000 . $2,353,650, plus 521% of excess over $6,000 ,000 . $2,878,650, plus 541% of excess over $7,000 ,000. $3,426 ,150 , plus 57% of excess over $8,000,000. $4,566,150, plus 57t% of excess over $10,0 ,00,000." 27R941 -- 42---r. I-- 45 705 54 Stat. 521. 26 U.S . C. O951. 53 Stat. 144. 26 U.S. C. 1001.
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