78 STAT. ]
PUBLIC LAW 88-272-FEB. 26, 1964
"If the taxable income i s: Over $50,000 but not over $52,000
The tax i s: $19,820, plus 56% of $50,000. Over $52,000 but not over $64,000 $20,940, plus 58% of $52,000. Over $64,000 but not over $70,000 $27,900, plus 59% of $64,000. Over $70,000 but not over $76,000 $31,440, plus 61% of $70,000. Over $76,000 but not over $80,000 $35,100, plus 62% of $76,000. Over $80,000 but not over $88,000 $37,580, plus 63% of $80,000. Over $88,000 but not over $100,000— $42,620, plus 64% of $88,000. Over $100,000 but not over $120,000— $50,300, plus 66% of $100,000. Over $120,000 but not over $140,000— $63,500, plus 67% of $120,000. Over $140,000 but not over $160,000— $76,900, plus 68% of $140,000. Over $160,000 but not over $180,000— $90,500, plus 69% of $160,000. Over $180,000 $104,300, plus 70% of $180,000." SEC. 112. MINIMUM STANDARD DEDUCTION. (a) GENERAL RUI>E.—Section 141 (relating to standard
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excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over excess over
deduction)
is amended to read as follows: "SEC. 141. STANDARD DEDUCTION. "fa) STANDARD DEDUCTION.—Except as otherwise provided in this section, the standard deduction referred to in this title is the larger of the 10-percent standard deduction or the minimum standard deduction. The standard deduction shall not exceed $1,000, except that in the case of a separate return by a married individual the standard deduction shall not exceed $500. " (b) TEN-PERCENT STANDARD DEDUCTION.—The 10-percent standard deduction is an amount equal to 10 percent of the adjusted gross income. "(c) MINIMUM STANDARD DEDUCTION.—The minimum standard deduction is an amount equal to the sum of— " (1) $100, multiplied by the number of exemptions allowed for the taxable year as a deduction under section 151, plus "(2)(A) $200, in the case of a joint return of a husband and wife under section 6013, " (B) $200, in the case, of a return of an individual who is not married, or " (C) $100, in the case of a separate return by a married individual. " (d) MARRIED iNoivmuALS F I L I N G SEPARATE RETURNS.—Xotwithstanding subsection (a) — " (1) The minimum standard deduction shall not apply in the case of a separate return by a married individual if the tax of the other spouse is determined with regard to the 10-percent standard deduction. "(2) A married individual filing a sep.Trate return may, if the minimum standard deduction is less than the 10-percent standard deduction, and if the minimum standard deduction of his spouse is greater than the 10-peiv.ent standard deduction of such sjwuse, elect (under regulations prescribed by the Secretary or his delegate) to have his tax determined with regard to the minimum standard deduction in lieu of being determined with regard to the lO-percent standard deduction." 31-667 0-65—5
68A Stat. 40. 26 USC 141.
^^ "^^ ^^^' 26 USC eo 13.
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