Page:United States Statutes at Large Volume 82.djvu/296

 254

PUBLIC LAW 90-364-JUNE 28, 1968

[82 STAT.

TABLE 3.—Married persons or surviving spouse filing joint return If the adjusted tax is:

If the adjusted tax is: The tax

But less than

$415 425 435 445 455 465 475 485 495 505 515 525 535

$425 435 445 455 465 475 485 495 505 515 525 535 545

The tax is—

But less than

The tax is—

At least

But less than

0 $295 305 315 326 336 346 355 366 375 385 396 405

$295 305 315 325 335 345 355 365 375 385 395 405 415

0 $1 2 3 4 5 6 7 8 9 10 11 12

"(B)

OTHER PERSONS.—In addition to the other taxes

IS—

At least

If the adjusted tax is:

$13 14 15 16 17 18 19 20 21 22 23 24 25

At least

$545 $555 $26 555 565 27 565 575 28 575 590 29 590 610 30 610 630 31 630 650 32 650 670 33 670 690 34 690 710 35 710 730 36 730 and over, 5% of the adjusted tax

imposed by this chapter, there is hereby imposed on the income of every corporation, and on the income of every estate and trust, whose taxable year is the calendar year, a tax equal to the percent of the adjusted tax (as defined in subsection (b)) for the taxable year specified in the following table: Calendar year

Percent Estates and trusts

Corporations

7.5 5.0

10.0 5.0

1968 1969

" (2) FISCAL AND SHORT TAXABLE YEARS.—

" (A) IN GENERAL.—In addition to the other taxes imposed by this chapter and except as provided in subparagraph (B), in the case of taxable years ending on or after the effective date of the surcharge and beginning before July 1, 1969, there is hereby imposed on the income of every person whose taxable year is other than the calendar year, a tax equal to— " (i) 10 percent of the adjusted tax for the taxable year, multiplied by "(ii) a fraction, the numerator of which is the number of days in the taxable year occurring on and after the effective date of the surcharge and before July 1, 1969, and the denominator of which is the number of days in the entire taxable year. " (B) LIMITATION.—In the case of— 68A Stat. 733. 26 USC 6013. 68A Stat. 6; 78 Stat. 2 1.

" (i) a husband and wife (or surviving spouse) who file a joint return under section 6013 and whose adjusted tax for the taxable year is less than $580, "(ii) an individual who is a head of a household to whom section 1(b) applies and whose adjusted tax for the taxable year is less than $440, and "(iii) any other individual (other than an estate or trust) whose adjusted tax for the taxable year is less than $290, the tax imposed by subparagraph (A) shall not be greater than an amount equal to twice the tax which would be imposed by subparagraph (A) if the tax were imposed on the amount by which the adjusted tax exceeds $290, $220, or $145, respectively.

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