INCREASE IN SURTAX FOR 1951, 1952, AND 1953.

SEC. 101. INCREASE IN SURTAX FOR 1951, 1952, AND 1953. (a) Rates of Surtax.—Section 12 (b) (relating to rates of surtax) is hereby amended to read as follows: “(b) Rates of Surtax.— “(1) Calendar year 1951.—In the case of a taxable year beginning on January 1, 1951, and ending on December 31, 1951, there shall be levied, collected, and paid for such taxable year upon the surtax net income of every individual the surtax shown in the following table: “If the surtax net income is: The surtax shall be: Not over $2,000 17.4% of the surtax net income. Over $2,000 but not over $4,000 $348, plus 19.4% of excess over $2,000. Over $4,000 but not over $6,000 $736, plus 24% of excess over $4,000. Over $6,000 but not over $8,000 $1,216, plus 27% of excess over $6,000. Over $8,000 but not over $10,000 $1,756, plus 32% of excess over $8,000. Over $10,000 but not over $12,000 $2,396 plus 36% of excess over $10,000. Over $12,000 but not over $14,000 $3,116, plus 40% of excess over $12,000. Over $14,000 but not over $16,000 $3,916, plus 45% of excess over $14,000. Over $16,000 but not over $18,000 $4,816, plus 48% of excess over $16,000. Over $18,000 but not over $20,000 $5,776, plus 51% of excess over $18,000. Over $20,000 but not over $22,000 $6,796, plus 54% of excess over $20,000. Over $22,000 but not over $26,000 $7,876, plus 57% of excess over $22,000. Over $26,000 but not over $32,000 $10,156, plus 60% of excess over $26,000. Over $32,000 but not over $38,000 $13,756, plus 63% of excess over $32,000. Over $38,000 but not over $44,000 $17,536, plus 66% of excess over $38,000. Over $44,000 but not over $50,000 $21,496, plus 70% of excess over $44,000. Over $50,000 but not over $60,000 $25,606, plus 72% of excess over $50,000. Over $60,000 but not over $70,000 $32,896, plus 75% of excess over $60,000. Over $70,000 but not over $80,000 $40,396, plus 79% of excess over $70,000. Over $80,000 but not over $90,000 $48,296, plus 81% of excess over $80,000. Over $90,000 but not over $106,000 $56,396, plus 84% of excess over $90,000. Over $100,000 but not over $150,000 $64,796, plus 86% of excess over $100,000. Over $150,000 but not over $200,000 $107,796, plus 87% of excess over $150,000. Over $200,000 $151,296, plus 88% of excess over $200,000. 65 Stat. 460 “(2) Taxable years beginning after October 31, 1951, and before January 1, 1954.—In the case of taxable years beginning after October 31, 1951, and before January 1, 1954, there shall be levied, collected, and paid for each taxable year upon the surtax net income of every individual (other than a head of a household to whom subsection (c) applies) the surtax shown in the following table: “If the surtax net income is: The surtax shall be: Not over $2,000 19.2% of the surtax net income. Over 82,000 but not over $4,000 $384, plus 21.6% of excess over $2,000. Over $4,000 but not over $6,000 $816, plus 26% or excess over $4,000. Over $6,000 but not over $8,000 $1,336, plus 31% of excess over $6,000. Over $8,000 but not over $10,000 $1,956, plus 35% of excess over $8,000. Over $10,000 but not over $12,000 $2,656, plus 39% of excess over $10,000. Over $12,000 but not over $14,000 $3,436, plus 45% of excess over $12,000. Over $14,000 but not over $10,000 $4,336, plus 50% of excess over $14,000. Over $16,000 but not over $18,000 $5,336, plus 53% of excess over $16,000. Over $18,000 but not over $20,000 $6,396, plus 56% of excess over $18,000. Over $20,000 but not over $22,000 $7,516, plus 59% of excess over $20.000. Over $22,000 but not over $26,000 $8,696, plus 63% of excess over $22,000. Over $26,000 but not over $32,000 $11,216, plus 64% of excess over $26,000. Over $32,000 but not over $38,000 $15,056, plus 65% of excess over $32,000. Over $38,000 but not over $44,000 $18,956, plus 69% of excess over $38,000. Over $44,000 but not over $50,000 $23,096, plus 72% of excess over $44,000. Over $50,000 but not over $60,000 $27,416, plus 74% of excess over $50,000. Over $60,000 but not over $70,000 $34,816, plus 77% of excess over $60,000. Over $70,000 but not over $80,000 $42,516, plus 80% of excess over $70,000. Over $80,000 but not over $90,000 $50,516, plus 82% of excess over $80,000. Over $90,000 but not over $100,000 $58,716, plus 8.1% of excess over $90,000. Over $100,000 but not over $150,000 $67,216, plus 87% of excess over $100,000. Over $150,000 but not over $200,000 $110.716, plus 88% of excess over $150,000. Over $20000 $154.716, plus 89% of excess over $200,900. “(3) Taxable years beginning after December 31, 1953.—In the case of taxable years beginning after December 31, 1953, there shall be levied, collected, and paid for each taxable year upon the surtax net income of every individual (other than a head of a household to whom subsection (c) applies) the surtax shown in the following table: “If the surtax net income is: The surtax shall be: Not over $2,000 17% of the surtax net income. Over $2,000 but not over $4,000 $340, plus 19% of excess over $2,000. Over $4,000 but not over $6,000 $720, plus 23% of excess over $4,000. Over $6,000 but not over $8,000 $1,180, plus 27% of excess over $6,000. Over $8,000 but not over $10,000 $1,720, plus 81% of excess over $8,000. Over $10,000 but not over $12,000 $2,340, plus 35% of excess over $10,000. Over $12,000 but not over $14,000 $3,040, plus 40% of excess over $12,000. 65 Stat. 461 “If the surtax net income is: The surtax shall be: Over $14,000 but not over $16,000 $3,840, plus 44% of excess over $14,000. Over $16,000 but not over $18,000 $4,720, plus 47% of excess over $16,000. Over $18,000 but not over $20,000 $5,660, plus S0% of excess over $18,000. Over $20,000 but not over $22,000 $6,660, plus 53% of excess over $20,000. Over $22,000 but not over $26,000 $7,720, plus 56% of excess over $22,000. Over $26,000 but not over $32,000 $9,960, plus 59% of excess over $26,000. Over $32,000 but not over $38,000 $13,500, plus 62% of excess over $32,000. Over $38,000 but not over $44,000 $17,220, plus 66% of excess over $38,000. Over $44,000 but not over $50,000 $21,180, plus 69% of excess over $44,000. Over $50,000 but not over $60,000 $25,320, plus 72% of excess over $50,000. Over $60,000 hut not over $70,000 $32,520, plus 75% of excess over $60,000. Over $70 000 but not over $80,000 $40,020, plus 78% of excess over $70,000. Over $80,000 but not over $90,000 $47,820, plus 81% of excess over $80,000. Over $90,000 but not over $100,000 $55,920, plus 84% of excess over $90,000. Over $100,000 but not over $150,000 $64,320, plus 86% of excess over $100,000. Over $100,000 but not over $200,000 $107,320, plus 87% of excess over $150,000. Over $200,000 $150,820, plus 88% of excess over $200,000.” (b) Limitation On Tax.—Section 12 (f) (relating to limitation on tax) is hereby amended to read as follows: “(f) Limitation on Tax.— “(1) Calendar tear lost.—In the case of a taxable year beginning on January 1, 1951, and ending December 31, 1951, the combined normal tax and surtax shall in no event exceed 87.2 per centum of the net income for the taxable year. “(2) Taxable years beginning after October 31, 1951, and before January 1, 1954.—In the case of taxable years beginning after October 31, 1951, and before January 1, 1954, the combined normal tax and surtax shall in no event exceed 88 per centum of the net income of the taxable year. “(3) Taxable years beginning after December 31, 1953.—In the case of taxable years beginning after December 31, 1953, the combined normal tax and surtax shall in no event exceed 87 per centum of the net income for the taxable year.”