The Federal Estate Tax Law And Regulations United States Inheritance Tax Classic Reprint

Excerpt from The Federal Estate Tax Law and Regulations United States Inheritance Tax The Federal Estate Tax Law of September 8, 1916, was amended by the Act of March 3, 1917. This Amendment affects only the rate of tax on estates of decedents dying on or after March 3,1917. The net estate of every resident decedent and the net estate situated within the United States of every nonresident decedent dying on or after September 9, 1916, is subject to the provisions of the Federal Estate Tax Law and liable for the payment of the tax thereby imposed. The rate of tax varies according to the amount of the net estate and increases progressively from 1% on estates of $50,000, to 10% on estates m excess of $5,000,000 of decedents dying prior to March 3, 1917, and from 11/2% on estates of $50,000 to 15% on estates in excess of $5,000,000 of decedents dying on or after March 3, 1917. The following tables show the rate of tax, the amount of net estate, and the amount for which the estate is liable. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.