t

k

t

the amount of the tax. T1ཙ༥སvན

by forbearance for a slightly longer period. Accordingly it is recommended that in exceptional cases the commissioner be permitted to extend the time for a further period of 12 months.

TABLE I.-Approximate loss in tax to the Government by the 121⁄2 per cent provisions on capital gains and losses and reduction in tax to individuals, classified by net incomes

TABLE I.—Approximate loss in tax to the Government by the 121⁄2 per cent provisions on capital gains and losses and reduction in tax to individuals, classified by net incomes-Continued

NOTE. The above compilation made from figures obtained from "Statistics of Income" as published by Bureau of Internal Revenue.