The Transfer Tax Law of the State of New York Being Article X of Chapter Xxiv O

Cover The Transfer Tax Law of the State of New York Being Article X of Chapter Xxiv O
The Transfer Tax Law of the State of New York Being Article X of Chapter Xxiv O
George Washington Mcelroy
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85453 45 343. 6458 90 911. 6885 46 12. 57414 91 0. 64497 46 353. 6124 91 921. 6672 47 12. 35728 92 0. 44851 47 363. 9390 92 931. 0234 48 12. 13275 93 0. 28761 48 374. 6311 93 938. 6849 49 11. 90076 94 0. 13605 49 385. 6781 94 945. 9024 50 11. 66175 95 0. 00000 50 397. 0598 95 952. 3810 51 11. 41594 51 408. 7648 52 11. 16361 52 420. 7810 53 10. 90499 53 433. 0958 . • . 54 10. 64036 54 445. 6972 The columns headed ax are the ones used in calculating the value of life estates and annuities and sho...w the value of an annuity of $1 at various ages. PROCEEDINGS BY APPRAISERS. 259 For example. — To find the value of a life estate in $1, 000, given a person aged 40 years, you would multiply the value of an annuity of $1 to a person aged 40 as shown in the column ax (13. 71604), by $50. The annual interest on the sum of $1, 000 at 5 per cent. (13. 71604X$50) = $685. 80. The columns headed IIx show the value of the remainder in $1, 000 at various ages after deducting the life estate at the corresponding age.

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