plus 37% of the excess over $300,000. . (e) Estates and trusts Section 1(e) is amended by striking the table contained therein and inserting the following: If taxable income is: The tax is: Not over $2,550 10% of taxable income. Over $2,550 but not over $9,150 $255, plus 24% of the excess over $2,550. Over $9,150 but not over $12,500 $1,839, plus 35% of the excess over $9,150. Over $12,500 $3,011.50, plus 37% of the excess over $12,500. . (f) Inflation adjustments Section 1(f) is amended— (1) by striking 1993 in paragraph (1) and inserting 2018 , (2) by amending paragraph (2)(A) to read as follows: (A) by increasing the minimum and maximum dollar amounts for each bracket for which a tax is imposed under such table by the cost-of-living adjustment for such calendar year, determined under this subsection for such calendar year by substituting ‘2017’ for ‘2016’ in paragraph (3)(A)(ii), , (3) in paragraph (7)(B), by striking all that precedes (other than with respect to and inserting the following: (B) Special rule In the case of a table prescribed in lieu of the table contained in subsection (b), (c), or (d), subparagraph (A) , (4) by striking paragraph (8), and (5) in the heading, by striking Phaseout of marriage penalty in 15-percent bracket