Salt Lake Tribune | 1917-03-02 | Page 13 | Inheritance Scale is California Stature

INHERITANCE SCALE IS j CALIFORNIA STATUTE Young's Bill, Recommended for Pas sage, Proposes Graduated Taxation. The graduated scale of Inheritance taxes which the Joint tax and revenue . committee of the legislature has recom- mended for passage by both houses is j copied from the California law on the I same subject and Representative Thomas IP. Page of Salt Lake county, author of the bill, declares that it has resulted in the turning in of millions of dollars to the treasury of Caliiornia. The bill propo.--s a graduate srale on inheritances under four classifications of relationship, including first diiet linkage j of hus.ia nd or wilV, lineage of brother i or sister, lineage of uncle or aunt and j other degrees of collateral consanguinity. In tiie first classification of lineage of husband or wife, the rate runs from 1 per cent to 15 per cent, with an exemp- , tion of Slft.OOu. The scale is 1 per cent from $10,000 to $25,000; 2 per cent from $25,000 to $50.000 ; 4 per cent from 550,-000 550,-000 to 5100,000; 7 per cent from $ino,00' to $200,000; 10 per cent from $200, 000 to $500,0011; 12 per cent from ?o00'no to SI, 000. 000, and 15 per cent on all over 3i.noo.ooo. f The rate on the brother and sister clas- : sifi cation runs from 3 per cent to 25 per cent on the same graduation as the above, with an exemption of $2000. The-rate The-rate on the uncle or aunt classification runs from ( per cent to 30 per cent, with , an exemption of $1000, while the rate on the other degrees of consanguinity or strangers in blood classification runs from 5 per cent to 30 per cent, with an exemption exemp-tion of $500.