Including the relationship of that tax to State death taxes. have been disregarded. present session because of the Treasurys proposal that for the estates of citizens of foreign countries who do not reside in the United States the maximum rate of the tax be reduced from 77 to 10 percent and a large increase in the exemption be allowed them. This proposal Is one of several that the Treasury has submitted to the Congress for the purpose of removing tax barriers to foreign Investment and thereby easing this countrys balanceofpayments problem. An analysis of the general economic effects of the estate tax should be helpful to the Congress in reappraising that tax and considering a substantial reduction of its rates and an increase in its exemption for American citizens as well as for noncitizens.
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noncitizens