Rates of tax payable by donor.
Section 109
SEC. 109. Rates of tax payable by donor. — The tax for each calendar year shall be computed on the basis of the total net gifts made during the calendar year, in accordance with the following schedule: If the Net Gift is The Tax Shall Be Over But Not Over Plus Of Excess Over P - P 1,000 Exempt - P 1,000 50,000 1.5% - 1,000 50,000 75,000 P 735 2.5% 50,000 75,000 100,000 1,360 3% 75,000 100,000 150,000 2,110 6% 100,000 150,000 200,000 5,110 9% 150,000 200,000 300,000 9,610 12% 200,000 300,000 400,000 21,610 15% 300,000 400,000 500,000 36,610 18% 400,000 500,000 625,000 54,610 21% 500,000 625,000 750,000 80,860 24% 625,000 750,000 875,000 110,860 28% 750,000 875,000 1,000,000 145,860 32% 875,000 1,000,000 2,000,000 185,860 36% 1,000,000 2,000,000 2,000,000 545,860 38% 2,000,000 3,000,000 925,860 40% 3,000,000