Over $80,000 but not over $90,000---- $44,490, plus 73.5% of excess over $80,000.

Over $90,000 but not over $100,000 $51,840, plus 75% of excess over $90,000.

Over $100,000 but not over $200,000 $59,340, plus 76.5% of excess

over $100,000.

Over $200,000–

$135,840, plus 77% of excess over $200,000.

1 2

"(2) TAXABLE YEARS BEGINNING AFTER DECEM

BER 31, 1964.—In the case of a taxable year beginning

3 after December 31, 1964, there is hereby imposed on

4

the taxable income of every individual (other than a head of a household to whom subsection (b) applies) a

5

6

Over $1,000 but not over $1,500------$145, plus 16% of excess over

Over $8,000 but not over $10,000 $1,630, plus 28% of excess

over $8,000.

Over $10,000 but not over $12,000 $2,190, plus 32% of excess over $10,000.

Over $12,000 but not over $14,000 $2,830, plus 36% of excess over $12,000.

Over $14,000 but not over $16,000--- $3,550, plus 39% of excess

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 $14,000.

$4,330, plus 42% of excess over $16,000.

$5,170, plus 45% of excess over $18,000.

$6,070, plus 48% of excess

over $20,000.

$7,030, plus 50% of excess over $22,000.

$9,030, plus 53% of excess

over $26,000. $12,210, plus 55% of excess over $32,000.

1

Over $38,000 but not over $44,000 --- $15,510, plus 58% of excess

Over $70,000 but not over $80,000 --- $35,190, plus 66% of excess

Over $80,000 but not over $90,000---

Over $90,000 but not over $100,000--

Over $100,000__.

over $70,000.

$41,790, plus 68% of excess

over $80,000.

$48,590, plus 69% of excess over $90,000.

$55,490, plus 70% of excess over $100,000."

(b) HEADS OF HOUSEHOLDS.---Paragraph (1) of sec

2 tion 1(b) (relating to rates of tax on heads of households)

3 is amended to read as follows:

4

5

6

7

8

9

10

11

"(1) RATES OF TAX.—

"(A) TAXABLE YEARS BEGINNING IN 1964.-In the case of a taxable year beginning on or after January 1, 1964, and before January 1, 1965, there is hereby imposed on the taxable income of every individual who is the head of a household a tax determined in accordance with the following

table:

"If the taxable income is:

Not over $1,000‒‒‒‒‒

The tax is:

16% of the taxable income.

Over $1,000 but not over $2,000--- $160, plus 17.5% of excess

over $1,000.

Over $2,000 but not over $4,000------ $335, plus 19% of excess

Over $12,000 but not over $14,000--- $2,735, plus 32% of excess

Over $40,000 but not over $44,000--- $15,295, plus 56% of excess over $40,000.

Over $44,000 but not over $50,000 $17,535, plus 58.5% of excess over $44,000.

Over $50,000 but not over $52,000---- $21,045, plus 59.5% of excess

Over $180,000 but not over $200,000 $112,135, plus 75.5% of excess

1

2

3

4

5

6

“(B) TAXABLE YEARS BEGINNING AFTER DECEMBER 31, 1964.-In the case of a taxable year

beginning after December 31, 1964, there is hereby

imposed on the taxable income of every individual who is the head of a household a tax determined in

accordance with the following table:

"If the taxable income is:

Not over $1,000__

Over $1,000 but not over $2,000‒‒‒

The tax is:

14% of the taxable income.
$140, plus 16% of excess
over $1,000.

Over $2,000 but not over $4,000------ $300, plus 18% of excess

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 $24,000 --

Over $24,000 but not over $26,000---

Over $26,000 but not over $28,000---

Over $28,000 but not over $32,000---

Over $32,000 but not over $36,000 --

Over $36,000 but not over $38,000 --

Over $38,000 but not over $40,000 --

Over $40,000 but not over $44,000---

Over $44,000 but not over $50,000--

Over $50,000 but not over $52,000--

over $2,000.

$660, plus 20% of excess over $4,000.

$1,060, plus 22% of excess over $6,000.

$1,500, plus 25% of excess over $8,000.

$2,000, plus 27% of excess over $10,000.

$2,540, plus 31% of excess over $12,000.

$3,160, plus 32% of excess over $14,000.

$3,800, plus 35% of excess over $16,000.

$4,500, plus 36% of excess over $18,000.

$5,220, plus 40% of excess over $20,000.

$6,020, plus 41% of excess

"If the taxable income is:

Over $52,000 but not over $64,000--

Over $64,000 but not over $70,000‒‒‒‒

Over $70,000 but not over $76,000 --

Over $76,000 but not over $80,000 ---
Over $80,000 but not over $88,000____

The tax is:

$20,940, plus 58% of excess over $52,000.

$27,900, plus 59% of excess over $64,000.

$31,440, plus 61% of excess over $70,000.

$35,100, plus 62% of excess over $76,000.

$37,580, plus 63% of excess over $80,000.

Over $88,000 but not over $100,000--- $42,620, plus 64% of excess over $88,000.

Over $100,000 but not over $120,000 $50,300, plus 66% of excess over $100,000.

Over $120,000 but not over $140,000 $63,500, plus 67% of excess

2

(a) GENERAL RULE.-Section 141 (relating to standard

3 deduction) is amended to read as follows:

4 "SEC. 141. STANDARD DEDUCTION.

5

"(a) STANDARD DEDUCTION.-Except as otherwise

6 provided in this section, the standard deduction referred to 7 in this title is the larger of the 10-percent standard deduction or the minimum standard deduction. The standard deduc

9

tion shall not exceed $1,000, except that in the case of a 10 separate return by a married individual the standard deduc11 tion shall not exceed $500.

12

"(b) TEN-PERCENT STANDARD DEDUCTION.-The 10

13 percent standard deduction is an amount equal to 10 percent 14 of the adjusted gross income.