Page:United States Statutes at Large Volume 56 Part 1.djvu/830

 802 53 Stat. 5. 26U.S. C., Supp.I. 11. 53 Stat. 17. 26U.8.C.625; Supp. I, §25. Post, pp. 811, 818, 825, 827, 828, 803. 53 Stat. 5. 26 U. 8. C., Supp. I, § 12 (b). PUBLIC LAWS-OH. 619-OCT. 21, 1942 [56 STAT. TITLE I-INDIVIDUAL AND CORPORATION INCOME TAXES Part I-Amendments to Chapter 1 SEC. 101. TAXABLE YEARS TO WHICH AMENDMENTS APPLICABLE. Except as otherwise expressly provided, the amendments made by this title shall be applicable only with respect to taxable years beginning after December 31, 1941. SEC. 102. NORMAL TAX ON INDIVIDUALS. Section 11 is amended to read as follows: "SEC. 11 . NORMAL TAX ON INDIVIDUALS. "There shall be levied, collected, and paid for each taxable year upon the net income of every individual a normal tax of 6 per centum of the amount of the net income in excess of the credits against net income provided in section 25. (For alternative tax, if gross income from certain sources is $3,000 or less, see section 400)." SEC. 103. SURTAX ON INDIVIDUALS. Section 12 (b) is amended to read as follows: "(b) RATES OF SuwTAx.-T here shall be levied, collected, and paid for each taxable year upon the surtax net income of every individual the surtax'shown in the following table: "If the surtax net income is: Not over $2,000 Over $2,000 but not over $4,000-_ - Over $4,000 but not over $6,000-- ___ Over $6,000 but not over $8,000. - -- Over $8,000 but not over $10,000 Over $10,000 but not over $12,000-- Over $12,000 but not over,$14,000--- Over $14,000 but not over $16,000-- Over $16,000 but not over $18,000--- Over $18,000 but not over $20,000- _ _ Over $20,000 but not over $22,000--- Over $22,000 but not over $26,000_- - Over $26,000 but not over $32,000_- - Over $32,000 but not over $38,000- _- Over $38,000 but not over $44,000__ - Over $44,000 but not over $50,000--- Over $50,000 but not over $60,000-- Over $60,000 but not over $70,000-- Over $70,000 but not over $80,000--- Over $80,000 but not over $90,000--- Over $90,000 but not over $100,000- The surtax shall be: 13% of the surtax net income. $260, plus 16% of excess over $2,000. $580, plus 20% of excess over $4,000. $980, plus 24% of excess over $6,000. $1,460, plus 28% of excess over $8,000. $2,020, plus 32% of excess over $10,000. $2,660, plus 36% of excess over $12,000. $3,380, plus 40% of excess over $14,000. $4,180, plus 43% of excess over $16,000. $5,040, plus 46% of excess over $18,000. $5,960, plus 49% of excess over $20,000.. $6,940, plus 52% of excess over $22,000. $9,020, plus 55% of excess over $26,000. $12,320, plus 58% of excess over $32,000. $15,800, plus 61% of excess over $38,000. $19,460, plus 63% of excess over $44,000. $23,240, plus 66% of excess over $50,000. $29,840, plus 69% of excess over $60,000. $36,740, plus 72% of excess over $70,000. $43,940, plus 75% of excess over $80,000. $51,440, plus 77% of excess over $90,000.

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