[Footnote 2: In Utah the tax is 5 per cent on all estates over $10,000.]
[Footnote 3. Exception, Utah.]
[Footnote 4: Exceptions are Missouri, New Hampshire, Vermont,
Virginia.]
[Footnote 5: It would be more consistent with the purpose of equalizing fortunes to vary the rate not according to the size of the legacy but according to the size of the fortune which the legatee has, or would have, after receiving the legacy.]
[Footnote 6: See Vol. I, p. 26.]
[Footnote 7: In addition, certain items of receipts of companies or incomes of individuals are arbitrarily defined as property for purposes of taxation in a few cases in about fifteen other states. See Wealth, Debt, and Taxation, Report of the Bureau of the Census, 1907, p. 622.]
[Footnote 8: Article XVI. The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census enumeration.]
[Footnote 9: It constitutes sec. 2 of the tariff act of 1913 entitled "An act to reduce tariff duties and to provide revenue for the government and for other purposes.">[
[Footnote 10: This may be seen in the following table:
Normal Rate on excess Total
tax on in next class tax on
lower Nor- Addi- upper Total rate
limit mal tional limit per cent
Under $3,000 0 0 0 0 0.00 to 0.00
$3,000-$20,000 0 1 0 170 0.00 to 0.85
$20,000-$50,000 170 1 1 770 0.85 to 1.54
$50,000-$75,000 770 1 2 1,520 1.54 to 2.02
$75,000-$100,000 1,520 1 3 2,520 2.02 to 2.52
$100,000-$250,000 2,520 1 4 10,020 2.52 to 4.00
$250,000-$500,000 10,020 1 5 25,020 4.00 to 5.00
In excess of $500,00 25,020 1 6 upwards 5.00 to 7.00
By legislation in the summer of 1916, after the foregoing was in type, the "normal" rate was doubled and the additional rates were raised.]