Inheritance and Estate TaxesCallaghan and Company, 1926 - 1054 pages |
From inside the book
Results 1-5 of 95
Page 25
... Bracket $ 100,000 .. 50,000 . 50,000 . 100,000 . 100,000 . $ 400,000 Rate Exempt Тах $ ..... at 1 % 500 at 2 % 1,000 .at 3 % 3,000 .at 4 % 4,000 $ 8,500 If these same rates and exemptions were to be applied to an inheri- tance tax ...
... Bracket $ 100,000 .. 50,000 . 50,000 . 100,000 . 100,000 . $ 400,000 Rate Exempt Тах $ ..... at 1 % 500 at 2 % 1,000 .at 3 % 3,000 .at 4 % 4,000 $ 8,500 If these same rates and exemptions were to be applied to an inheri- tance tax ...
Page 101
... brackets of the tax rate schedule they came as a part of the probably much larger gross estate . The value of the gifts might be said to be added at the very top rates of the estate for purposes of the tax computation . Whether there is ...
... brackets of the tax rate schedule they came as a part of the probably much larger gross estate . The value of the gifts might be said to be added at the very top rates of the estate for purposes of the tax computation . Whether there is ...
Page 128
... brackets . When the rates applicable at the time of the gift are effective , the tax accrues at the date of the gift , 16 though no proceedings to collect it are begun until the fact of the gift is revealed in connection with the ...
... brackets . When the rates applicable at the time of the gift are effective , the tax accrues at the date of the gift , 16 though no proceedings to collect it are begun until the fact of the gift is revealed in connection with the ...
Page 316
... Bracket . The first point for consideration in a study of the various practices has to do with the manner of ... bracket includes amounts " over exemption to $ 25,000 . " In the case of the above widow , only $ 10,000 would be taxed in ...
... Bracket . The first point for consideration in a study of the various practices has to do with the manner of ... bracket includes amounts " over exemption to $ 25,000 . " In the case of the above widow , only $ 10,000 would be taxed in ...
Page 317
... bracket is the rule of deducting the exemption from the value of the taxable transfer be- fore starting the computation and allowing the lowest rate to apply to the full extent of the bracket . This procedure has the effect of making ...
... bracket is the rule of deducting the exemption from the value of the taxable transfer be- fore starting the computation and allowing the lowest rate to apply to the full extent of the bracket . This procedure has the effect of making ...
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Common terms and phrases
administration allowed Amount in Bracket annuity apply appraisal Article assessed assets Beneficiary Value bequest bonds Chapter charitable child Class of Beneficiary contemplation of death corporation court curtesy death duties debts decedent's death deductions determined domicile donor dower estate tax executor expenses gift gross estate held husband Illinois imposed included income inheritance tax interest intestate joint tenants jurisdiction Legacy Amount Legacy Number Class legatee levied Massachusetts Matter N. Y. App N. Y. Misc N. Y. Supp net estate nonresident decedent North Carolina paid payable payment Pennsylvania personal property personal representative personalty purposes Rate Tax real estate real property realty received Regulations 68 Relationship to Decedent remainderman resident residuary rule share sister situs South Dakota specifically bequeathed statute tax is computed tax the transfer taxable transfer taxation thereof tion transfer is taxable transfer tax trust United Value of Legacy widow wife Wisconsin York Regulations
Popular passages
Page 556 - Whenever any person or corporation shall exercise a power of appointment derived from any disposition of property made either before or after the passage of this Act, such appointment, when made, shall be deemed a transfer taxable under the provisions of this Act, in the same manner as though the property to which such appointment relates belonged absolutely to the donee of such power, and has been bequeathed or devised by such donee by will...
Page 823 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend? or revoke...
Page 823 - ... in contemplation of or intended to take effect in possession or enjoyment at or after his death, except in case of a bona fide sale for a fair consideration in money or money's worth.
Page 545 - If any section, subsection, sentence, clause or phrase of this act is for any reason held to be unconstitutional, such decision shall not affect the validity of the remaining portions of this act. The legislature hereby declares that it would have passed this act, and each section, subsection, sentence, clause, and phrase thereof, irrespective of the fact that any one or more other sections, subsections, sentences, clauses, or phrases be declared unconstitutional.
Page 737 - Any transfer of a material part of his property in the nature of a final disposition or distribution thereof, made by the decedent within two years prior to his death without such a consideration, shall, unless shown to the contrary, be deemed to have been made in contemplation of death within the meaning of this title...
Page 825 - The sheriff to whom any such warrant shall be directed shall proceed upon the same in all respects with like effect and in the same manner as prescribed by law in respect to executions issued against property upon judgments of...
Page 264 - In imposing taxes for state purposes they are not doing what congress is empowered to do. Congress is not empowered to tax for those purposes which are within the exclusive province of the states.
Page 625 - When property is transferred in trust or otherwise, and the rights, interest or estates of the transferees are dependent upon contingencies or conditions whereby they may be wholly or in part created, defeated, extended or abridged, a tax shall be imposed upon said transfer at the highest rate which, on the happening of any of the said contingencies or conditions, would be possible under the provisions of this article, and such tax so imposed shall be due and payable forthwith by the executors or...
Page 824 - ... a fraternal society, order, or association operating under the lodge system, but only if such contributions or gifts are to be used by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 536 - Every executor, administrator or trustee shall have full power to sell so much of the property of the decedent as will enable him to pay such tax in the same manner as he might be entitled by law to do for the payment of the debts of the testator or intestate.