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73d C ONGRESS . SESS . II. CH. 277. MAY 10, 1934 . ESTATE TAX SEC. 404 . REAL ESTATE SITUATED OUTSIDE THE UNITED STATES . AMENDMENTS . Gross estate tax for estate taxes .
So much of section 302 of the Revenue Act of 1926 as reads as Real estate without United
follows : " The value of the gross estate of the decedent shall be 4p. exempt . determined by including the value at the time of his death of all property, real or personal, tangible or intangible, wherever situated " is amended to read as follows : " The value of the gross estate of the decedent shall be determined by including the value at the time of his deat h of all prope rty, real or p erson al, tangi ble o r in tangi ble, wherever situated, except real property situated outside the United States " . Estate tax rates .
SEC. 405 . ESTATE TAX RATES. Rat
p. modified. 243. Vol . 47,
(a) Section 401 (b) of the Revenue Act of 1932 is amended to read as fol lows "(b) The tentative tax referred to in subsection (a) (1) of this section shall equal the sum of the following percentages of the value of the net estate " Upon net estates not in excess of $10,000, 1 per centum . " $100 upon net estates of $10,000 ; and upon net estates in excess of $10,000 and not in excess of $20,000, 2 per centum in addition of such excess . " $300 upon net estates of $20,000 ; and upon net estates in excess of $20,000 and not in excess of $30,000, 3 per centum in addition of such excess . " $600 upon net estates of $30,000 ; and upon net estates in excess of $30,000 and not in excess of $40,000, 4 per centum in addition of such excess. " $1,000 upon net estates of $40,000 ; and upon net estates in excess of $40,000 and not in excess of $50,000, 5 per centum in addition of such excess . "$1,500 upon net estates of $50,000 ; and upon net estates in excess of $50,000 and not in excess of $70,000, 7 per centum in addition of such ex cess . "$2,900 upon net estates of $70,000 ; and upon net estates in excess of $70,000 and not in excess of $100,000, 9 per centum in addition of such ex cess . "$5,600 upon net estates of $100,000 ; and upon net estates in excess of $100,000 and not in excess of $200,000, 12 per centum in addition of such excess . " $17,600 upon net estates of $200,000 ; and upon net estates in excess of $200,000 and not in excess of $400,000, 16 per centum in addition of such excess . " $49,600 upon net estates of $400,000 ; and upon net estates in excess of $400,000 and not in excess of $600,000, 19 per centum in addition of such excess . "$87,600 upon net estates of $600,000 ; and upon net estates in excess of $600,000 and not in excess of $800,000, 22 per centum in addition of such excess . "$131,600 upon net estates of $800,000 ; and upon net estates in excess of $800,000 and not in excess of $1,000,000, 25 per centum in addition of such excess . "$1 81,600 upon net es tates of $1, 000,00 0 ; and up on net estat es in excess of $1,000,000 and not in excess of $1,500,000, 28 per centum in addition of such excess . "$3 21,600 upon net es tates of $1, 500,00 0 ; and up on net estat es in excess of $1,500,000 and not in excess of $2,000,000, 31 per centum in addition of such excess .
