II. Illustration of a Scale of Integrated Duty
24.B2. The Committee does not wish to recommend a particular rate scale for an integrated estate and gift duty. The following rate scale is illustrative only: it was necessary to devise a scale for the purpose of constructing the examples of inflation adjustment and quick-succession relief presented later in this appendix.
| Value of estate | Marginal rate |
| $ | per cent |
| 0–60,000 | 0 |
| 60,001–120,000 | 20 |
| 120,001–200,000 | 30 |
| 200,001–300,000 | 40 |
The amount of tax that would be imposed by such a scale on estates of varying sizes is as follows:
― 480 ―
| Value of estate | Duty | |
| $ | $ | |
| 50,000 | nil | |
| 100,000 | (20% of $40,000) | 8,000 |
| 150,000 | (20% of $60,000 + 30% of $30,000) | 21,000 |
| 200,000 | (20% of $60,000 + 30% of $80,000) | 36,000 |
| 250,000 | (20% of $60,000 + 30% of $80,000 + 40% of $50,000) | 56,000 |