The tax for each calendar year shall be an amount equal to a tax computed in accordance with the rate schedule set forth:Rate ScheduleIf the net gifts are:The tax shall be(1)On all net gifts from husband to wife, from wife to husband, from ascendants to decend- ants, or from children to parents 2 ½ %(2)On all net gifts from brothers and sisters to brothers or sisters and the latter's issue5 ½ % (3)On all net gifts from others not mentioned in (1) and (2) above7 ½ %
Rate ScheduleIf the net gifts are:The tax shall be(1)On all net gifts from husband to wife, from wife to husband, from ascendants to decend- ants, or from children to parents 2 ½ %(2)On all net gifts from brothers and sisters to brothers or sisters and the latter's issue5 ½ % (3)On all net gifts from others not mentioned in (1) and (2) above7 ½ %