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Iki OJUUSJ-—^
STB.TOTLY C K M P ™ ^ ' "
Ornateta oa fho fead pap-M-potMp
th* jftaa y m i a l i l t y MftiAAv Ami
Ihi I m f i m i a m i
(a) i I t t l H l n
aa tha teali of Ifca praeaftlag y w U
iaa»aa* pi** i f i U y {*) ttt U t f i m f t i %at*t#a his M t e l
tttltp l i t Ikt itHMttat jrtar « K tha taatativa U *
ia that
3TMT« t i l l (a) *»ttld fc* M f t t t l U i M l d M t l ft* Hi pVMft*!} t%M
(*)» t f p**itl*»« l « i « , I f a AafieUaejr, %®t*ld %a ptgra&a U « m
mn w tafA I$« tft a*Aar to gat *ha i r i t i i atartaft* U a U U U t i M
iaataaa aaul* W aaMNftla&t a&d th« ratarn f U a l l a ttareh, X9*«t
«MUi l i wttiidiwi a m ^ l f t l t o of a t n U l t v i liX oa
iamaa*
Nr» Sta& ?*apaa*a a *p«el*l f d l t f yawiUicm l i t p«m&i tfeaaa
la*t»a ftrea yaiyaaft aawlaaq flaataata** taxjiarara abaaa laao&a
f*a» jtaraeaal aayviaaa i i a m i M walft *a y w d t l f d * apaa jttapar
aafrUfiaaHaa* fea o i m t e llt«lr t t t l n l i t i lax oa tto M i i of tk»
l « « r 1m»m iB^nr t t e i tfco laooso t l thi y m i l l i r«ur.
ttallurlyi
ta*p*jr«wi ifeooo Ihmmi f » « 9 « n m i I i m l « N
rim
%o pondttoA
toooapato Dual* k « l « l l w ins on tfeo kl^kunr Ibmm, f h l i opooial
t v o i m a t i i a»t to %o tMortil laooao f*o» yroporty altteogh, orit*
aatdl?* i u u w f » a piroportr M l m l i U r v o n wrlikl* ttai laow*
IVMi J M M M OOl^iCOO*
MNMA
1* W>« luliiiartiwi of calliHrtt&m at m m lata tha Bawl riai
I I I M p l M ooolft k i t i M with oollootloa at m m A w w m
« « i talarlo** I n t U I m m I , m l l l v U i a l i at > n l i of 19 pore«at, i t »
eoablaoA mvmI tax M i f i t c l torMfcot auytax x»ta n t w x«IU 7378*
« n U bo
H u e tht t w l « t t i i test m m v M la (tar) KkvA*
lataataft « • * las w X9H3 laooao, ( b tagmpor aoalft %o glvaa * m i l t
tar m U m I I m i t w b m agalaat tko i w i n t jayriai la «uurt«rlr t»>
• M M i t i u n m p M i l a g to Dm a m n t to te oollootot at ooaroo. m i
ocmli ¥0 i « u l a altfc«r of tvo «•?•(
(a) la ao«j»ti»t Mo toatalivo 19*3 tax oa tko taolo of Mo 19*>2
Inaaaa, tin i M p f i r a n i l feo «1im a m i l t oqual to 19 j o m a t of
tho m m of hit
w f M art « O m 1 h « teaA l a k i m t , oa& i l i i i n i a
m r Mo y m w A axoaptloa aad UpoaAoat oro<, Hat U , ka ooalA
alkt a taatatliro ootlaato o£ Uw M m t to ta «lthhoM oa kho Wall
of Mo rooaipto Oturlaf 1 9 ^ D m n o r m oafejoot to vltttoUlac, l a
tha oaao war oa ho aakoa % t o i U t l w oatiaata of Kl» I9H3 t w .
oaao ao tfea |Oaa jaro*lo>wly prooonto*.
to tko f i a i u y t r 9lr* M U tHo aalr i l p l f t a t t t i l f f a m a a U
craator aa^ltaalo oa U a « a a i a roUof pwvloloa l i r t M f i y m Htk
flaotaatlii(i laoom* ttdlO' pfwltioa l a Aooovl%oA %aAov»
..
<h) tho taspayor oonlA e f i t t l ag&lntt oaoh quarterly laotaXnont
pograhXo In 19^3 tho aaouat aotaalXy eoXXootod at
in tho prooodintf
throo aontho (or for tho f i r i t quarterly inotalnaat* tho proeo&lne t w
aontho)* fhat 1«« against hlo Karoh, laotaXmont* ho mu14 off«ot tho
aaonnt eolloetod at l e m i in January aad yohrmoty$ atfalaot hit Jhano inotftlmnt* tho aaomt eolloetod at mums In M&roh* April t
Hoyj etc*
Altoroatlro <a) i h « i distinctly tho hottor. AXtornativo O ) wold
lawXvo groator ada&nlotratlro oonploxlty | / j uould door an offoot to
Individual*
vlohod to pay tho tut in ono losp sunt and *»ald offoot
amaato vlthhold froa
inoono agalnat a tontativo to* oonpntod en
tho k f i i i of Xffig Inooao* Gonoo^uontly* In *tuit follow* *o ohaXl
aaot&to that aXto*natlvo (ft) vould ho adept od*
2* fflfeoqt on tho taxsoyor
thoro aro two rolatod ohjootlvoo that tho titXo *pw**o~yoa»»so*
ooono to Imply*
(a) koalas thm %aiep*gror out of dofct to tho Oovornnoat,
(b) tyaohronlftlng tho payment of taxoo and tho roool$t of inoono*
tho final plan In Xargo noatnro aooosgdlohoo tho flrot of thooo i
ohjaotlvooj without ooXXootion at ooaroa and without tho opooial
roliof pittiiioii for taspayoro *ith fluctuating inooao froa poroonaX
oorvlooo, It aooonpXlohoo tho ooa&nd ohjootlv* hardly at aXX* In ad~
ditloa, It laoroaooo thofea:rdo&on tho
in filling ont hi* return.
a* Stooping tho taxnaffor ont oflT dofrt to tho 6ov«ra»ttat
fho B g X plan vould aoooaplloh thio ohjootlvo ontlroly, at
na
Xoaot In a hookkooping oonoa» for aXX individual* ahooo lnooaooaoro
nnGhonftod or doollnod f » « 1 ono jroar to tho no*tj and would aoooaplloh
i t v«**y Xa$goly for Individual 0 «hooo inooao rooo* M tho and of
tho individual whooo
Inooao wao tho anno ao In X^X* wittXd
hovo aXX hlo Xlahllltloa paid up* Vrao* ho would otlXX ho ohllgatod
to pay tho oaM aaouat in 19^3 ao at i>rooent# But If hlo inoono In
voro maXX or no£llffihXo« ho nouXd not ho partlog oo«^XotiO)r
from hlo nonort rothor ho voald ho Xonding It to tho Oovonnoat*
ongocinct no i t *»ro# in eoffipnlooi^ oaviB# or in tho aoapaXoosr
ohaoo of a taw antiolpatlon noto* Xo Muld ho hnlldln^ np an aooot
on iMoh ho prooonahljr oonld borrow* an aooot that wnld >0 r«doonod
in
frno t aXoo» ho ^ouXd ho ro^nlrod to on^ogo in oonpnXooTsr
aaving ikm ho oonXd Xoaot afford l t 9 i « o , t nhm hlo inooao had dooXlnod
ohafpXjri hnt thlo lo oortalnlr hottor than making hia poy tasroo that
ho viXX m m cot haok*
XJ Tho adnlaiotratlvo prohXoao oonXd arloo hMoaoo of tho nood to giro
oaployooo roaolpto or inforantion 0XI90 « w j r t w or throo nontha«
and hooanoo of tho tlalnf prohXoa rniood hgr tho noooooit/ of having
roooipto vlthla 15 dayo aftor tho cloao of
aonih*
ifh* individual *$&oo l f t m i ha* rl*o& f m 19^1 to 19H2 vill aot
ho oatlroly oat of floht to tho ttovoraao&t, hat hit* doht *UI ho oaly
a fy&otloa of *itat i t lo at
olaoo It mvX& ho mmX *oXoay
to tho 0*0000 of
Hahllltloo o*or tho toat&tlro ta* paid id 19**2«
h*
^yaghronlging t^x payggat^ vtth roeolftt of Iftaoao
fho &»1 jjlaa idihout eollootloa at ooaroo and without tho
*!>oolal rollof provision adtalttodly dooa aot lavolvo tho oollootloa
of U i U l l U i i olaaltaaoo&oly *lth tho rooolpt of laooao* tho tax
payahlo la 19**5, for mmmplm§ vould dopmA m% at all oa aotaal laooao
la
hut oololy on laooao l a
aaft tho ohaago 1a laooao twm
19**3 to l^Wij l«o« t goto*! taa payaoato la any yoar aaftar tho fetal
ploa doptxtfl oa tho laooao hlotoiy daring tho prooodlag t*o yoaro*
Xndoofl, ftr pomaa with flaotuatiae laooaoo, tho plaa would
tmiko tho poyaoat prohloa ^ o m r&thor thoa hottor* fhl* 1« la*
dloatod hy tho following oxamplo*
aoouaoo aaohaagod tax wtooi
*oar
19**2
19*8
t$m
19U5
i
t
I
i
y
^
JJ*
t U t t M
110,000
19,000
io t ooo
19,000
10,000
.
.Toy y^aoat
i Froooat
*
Sana
> aothofl
I
plaa
#10,000
19,000
10,000
19,000
$20,000
5,000
20,000
la a yoar following aa ahaovaaUy good yo&r, tho aaoaat to ho paid la
hl^h hoo&aoo, ao at $roooat, tho toat&tivo tax I t flgarod oa tho pro*
oodiag j r w 1 ! high laooao aad, la adftltloa, hooaaoo thoro l o oahotaatlal
dofloioaoy poyaoat oa tho prooodliig yoor^o laooao* Ooavorooly, la a
yoar following aa ahaomally had yoar, tho aaoitat to ho paid lo low
hoooaoo tho toatatlvo tax l o flftftpoft on a low laooao aad hooauto a
tax crodit lo Am f o r tho prooodlag yoar*
fho opoolal roller provloloa oa^ootod hy Mr* Baal lo aot aa
afto^tato oolatloa to tho look of ayaohtoaloatloa of tan pmymnto irlth
tho roooljit of laooao* l a tho f i r s t plae*, It would apjfcy oaly to
laooao f m * porooaal aorrlooo* tor ada&alotmtliro roaaoaot It ooald
aot ho oitoadoA to laooao f t o * pm^wty, aad, lo^ood, a l # t haw to
ho rootrlotoA i m furthor to waeoa aM oalarloo aloao. Tot haolaoaa
laooao aad Imom l i e i proi^orty a n typloally fat mro tarlahlo thaa
laooao f*aa l a c i i aad oalarloo* l a tho ooooad plaoo, tho protlaloa
fco optional* not
Coaooqnontir* i t
toad to ho
invokoA only
inoono Aooroaoofi* although tho
for igrnohronls**
tion Is at loaot ao «roat tfeoa inoono U m » n « i 2 tho thtrS plaoo*
m
t i m If rootriotoA to imcoo an& nnlarloo* that provision veulfi involvo
ooriona ataialotratlvo Aifflonltloo* Information rotnrno aro now
m«lf<»A froa oaployoro only for vaftoo and oolarioo during tho proooAl&# jronn *o chock tadindusl Aoclamtion* of rod&eoA «o£oo aa&
oal&rioo wald roqniro information returns fur a yoar ahonA* It I t
Anhlou* %hoth«r tho gain f*on tho relief p*ttviolon would ho vorth
tho i M n l i t ^ U t t oo»t f m ^ t poooihly for portono irtio go h t o
nixitair aorrioo. Ibsr thooa poroono* tho aAi&nlotr&tlvo profclon It
loaot, t & tho nooA for rollof i m t i « t «
m
Unking tho fiual plan vith oollootlon at sararoo, on the othor
han&* wald go n Ions w to*arA «ynohroalsliig
pn?*onto vith
roooipt of inoo#o* noeonpllohing thio ohjooti?* ontiroly for tho
first hr&dkot rath
for oot&rooa of 4noomo ouhjoet to vithholAin*.
At tho r&too ln&u&oA in
7378 nnA at 19^2 lorolo of
* 19 poroont withholding rato m*1& t » m oollootia« at ooturoo almot
$5 Hlllon out of total liahilitioo of $S MUion.
flron tho point of tion of an aAoqnato aai floxihlo fiscal policy
for vartino* tho laote of oyaohronioatloa of ta* paynoato *lth roooipt
o£ inoono muld too a fatal dofoot* At prooont* nolthor a oh&ngo in
tax ratoo nor a oh&ac* in national inoono affooto tax eollootiono
nntil Huroh of tho following jroar* Ibrthor* prooont nothoAo of
oollootlon — aolf-Mtoooosnoat ana quarterly inotalnont poynonto M
*
aro e$*pl*toly inoAo^nato for an inoono tax vtth hi^ior ratoo
ajipliea^lo to oomo J0 vsillim poroono* StioH a tax ro^niroo ^othodo
of oollootlon adaptoA to tho nooto of tho aaoooo of tho pooplo
aoouotoxsod to teu&cotins in %*ar»n of
or mont%« r^thor tfean
^nartoro or yoaro# fho major pro>loa of inooao tax rofora la to
t o w n thooo Aofwto t i^iloh provont %hx Inoono tax fron plo^rlne at
la*£0 a role ao i t ohonlA plojr in tho financing of tho «ir»
trithout oollootlon at toturoo* tho Ami plan 6ooo not n n t t
thooo Aafoeto* Gonoofnontljr* tlio ftunl plan Aooorrot aoriono
oldoratlon na a varttoo rofom only I f It to linked ylth oollootlon
at oonroo^
o* gnr&on on taimayor in f i l l i n g ant hio rot«m
UnAor tho Ami plan* tbo trntpigror ntU !m Haroli of aaoli yoar
feat* to flonpnto (a) tho tax on tho inoono of tho proooAing jroar at tho
ratoo* anow^tlonot anfl A<^Tinition of tannWlo InoMa applioahlo to tho
oarront yoari (I) tho tax on tho Inoono of tho prooafting jroar at tho
ratoo* omeg>tioao* and Aofinition: of taxablo inoono a^pliimhlo to tho
proooAinc yonr* It an ^a) la tho tontatimi tan for tho onrront yoart
lto«
Is hi* anta&l liability for tho prooodlag y*ar* fhlo douhlo
ooasat&tloa smlooo ao ptohloa I f x&too, oxosr.tiea», aafl tho doflaltloa
of t&xahlo laooao do aot ahaa^o, olaoo (a) aad (h) wuld fchoa ho tho
It doo»t howmr, oorioaoly eoapllo&to tho ooapat&tloa of tho
tax If & g of tho a* Ito&o ch*mgo«f iavnlving la ooooaoo tho p r o r a t i o n
$r
of t**o tax riturao laotoad of oao*
If eollootloa at oouroo lo llafcod with tho Ratal plaa, tho taxpoyor
aaot, la additioa, conwito tho teafcatlyo aaoixat to ho withhold oa tho
haolo of tho la©oao of tho prooodiag yoar oahjoot to eollootloa at ooaroo*
Jf
Stelfto. la tho tax hardoa. uodi»r tho Baal plaa
fho o&aooll&tioa of 19^1 llahllltioo would ha*o ao offoot oa tho
taxoo paid hy porooao vlth ot&hlo laooaoo aatll laooao* oo&t»od hooaaoo
of do&th or rotlrossoat* At that tl&o* oao yoar'o tax pnyaoat* noald
ho oltela&tod* this ohlfto part of tho total tax burton from ladlvlduolo
W o aro aov t^isjroro to porooao %fco aowly hoooao t&3Epoyoro. Tho lattor
h
vlil pay a tax for ell yoaro dmrlag vhloh th«y rooolvo laooao | tho fhtmor
for all hut oao yoar*
Tho o&ncoXl&tioa of tho 19^1 llahllltloo wuld ooastltuto a wiadf o i l gala to porooao v&tooo l&oemoo *oro ahaomally hl«h la I9U1 aad a
relative loot to porooao
ao la&moo w*ro ahaoraally lov la
foaturo is particularly aadoalr&hlo olaoo ahaomally high laooaoo
la 19&1 la may caoo* ro&ultod from tho w r offort. truo, la ooao oaooo
tho doellao la laooao froa 19^1 to
soy rofloot a ohlft lato wartlmo
aotlTltloo that aight vol! haro deaorrod opoclal troataoat* Bbmir»
tho Bual plaa vould ooafor rollof only aftor tho aood for It hod paoood
olaoo oaoh porooa* will alm&dy haro arr&agod to poy tholr taxoo oa 19^1
laooao* Horooiror, aaay, and prohahly moot, of tho doollaoo la laooao
voro aot anooolatod vith oneh a ohlft from p*aootliao to v&rtlao aottirlty*
thlo dofoot of tho Baal plaa ooulA ho sittlg&tod, though aot oll*l~
a&tod, hy providing for tho oaaooilatloa of olthor ig*& or 19**2 Hahllltloo,
i&lohovor lo o&allor* Wioa tho Individual filod hlo rotura la ft&roh 19**3»
ho uoald ooaputo tho tag oa 19^2 laeoao at prooeat lav ratoo aad oxoaptloao.
If thlo tar voro hlghor thaa tho tax ho eoaratod la Karoh, 19^2, oa tho
haolo of 19^1 laooao, ho moald ho roqulrod to pay tho dlffoyoaoo* &it
If tho tax oa 19^2 laeoao iroro lonor thaa tho tax oa 19^1 laooao, ho voold
aot ho fttvoa a crodit or a rofaad* laotoad, tho tax ooapatod oa 1 ^ 1
laooao wold ho troatod ao tho tax duo. T*rm vith thlo ^odlflmtloa,
yladfall igislao wald ho roallpad hy t>orooao yith ahaoraolly hl^i laaoaoo
In hoth 19^1 aad
ghlo* too", "to^ imdoolrfehlo olaoo aaoy par^ioao
profltlaft fsoa tho mr v l l l ho la thlo oltaatioa*
Whllo thin nodlfio&tlen
oofton tho ino^ulty intolvod In
tho ofeaooll&tion of a yo&r'o tax llahllltloo t an&
olininsto
any rofan&o hoo&uuo of ottoh e&neollatlon, It vould dioorlninato
ag&inot poraono %Ath fluotnatifig lao&aao.
h. tho royonuo offoot of tho j ta L plan
EoO
a* without ooUooti&n at aottreo
Aottsal eollootiono Auring 19^3 nn4ar tho ®anl plan* vith
ratoo ao in
757® and without oollootlon at oouroo, vonld ho
no follow* t
(In hllllono)
(a)
fontatlvo tax on 19&5 Inoono* h&ood
on lpte Inoono (pay&hlo In quarfcorly
inotalnonto)
(h) Bofielonoy poyafclo on
$8
Inoono3
LiaMlltlo* on 19^2 inoono
{prooont lav ratoo and oxostptlono)
$5
fontatiw tax paid on 19^2 Inoono
(liahilitioo on 1<&1 Inoono
undor proaant law)
&ggrog&to dofioioaey (ptayahlo
in Maroht 103)
,.,,1,,
ffotal eollootiono
Total eollootiono of
hlllion undor tho Saal plan vonld thoroforo ho a^proadaatoly $l hllllon larger than undor tt.fc* 7371J* If
oollootlon at oouroo l o dlarogar&od* oinoo liahilitioo undor K S 7378
*U
mold ha o$nol to tho tontatlvo tax on I9H3 inoono undor tho Jhaal plan*
It ohoold ho notod that tho airgrog&to dofiolonoy payahlo In I9&3
involvoo
mm than oao yoar'n taxoo In ono yoar
tho to&t&tlvo
tax on 19*3 Inoono
that part of tho tax on
Inoono not dio~
eharcod V tho t«mti*tl?o tax eongmtod on tho fcaoio of 19^1 Inoono* fho
additional aaoant pnyahlo In thin wy lo ^uantltatiyoly n&isoot no latgo
an tho additional aaount pnyafelo nndor tho 5 poroont oollootlon at
oonroo plan In H.B* 737« — $1 billion oonparod to approximately
H I hllllon.
Boopito Imr&w collection* than undor SUS« 7378 without eolloetion
at oouroo* tho Saal plan would pr&bably ha last offoot ivo la withdrawing
puroh&oliig powor froa tho markot far $mwmw 0»odo* £ho raaoon far
this lo that poroona who had aooruod tholr
tax llabilltloo daring
would bo ablo to pay tho toat&tlvo tax oa 19^3 Inooao froa a&ounto
aooruod during
and vould ho aaftor ao ooapulolon to aeoruo tho
tast during
• Undor K,&» 737®» oa tho othor hand, ouch poroono would
dloehargo tholr 19^2 liability la 1 0 3 with mount 0 aconiod during 19**2»
and would aooruo In 191*3 tholr 19**3 llabilltloo payablo In 19V*. In
ordor to off«ot tho oxtra billion dollars that would ho oollootod undor
tho Run! plan* only 1/0 of tho $8 hill ion liability undor tho y&too of
B«JU ?378 would havo to ho aooruod, «hila tho oaonnt actually aoorao&
lo not known* It ooono likely that ooaoidorably aoro than 1/8 would ho
aooraod. C&aooqaontJy* tho Kual plan would ho lo»* offootiva in with-*
drawing paroh&oing powor tnm tho taaikot for eonouaor ®aodo than E«B# 7378
arm though i t yloldod noro rovouo,
b* With oolloetlon at oouroo
I f oollootloa at oouroo at a 19 poroont n t o lo addod to
tho Baal plan, tho rovomto ootlnato givon abovo booonoot 1/
$9 billion nlnno 19 poroont of
%nmm ouhjoot to withholding
pluo 1$ poreont of S.9H3 inooao oubjoct to withholding.
Similarly* i f oollootloa at oouroo lo tokon Into aoooant* tho
rovaauo during calendar I9H3 froa B.B# 7378 boooaoot
$8 hlllioa pluo § poroont of 19**3 InooR* oubjoot to withholding
Sho dlfforoneo hotwoon tho two boooaoot
$1 billion mlmn 19 paroont of 19^2 inoo&o ouhjoot to withholding
plno Ik poroont of I9U3 inooao ombjoot to withholding*
Inooao in 19**3 will doubtloo* bo hi«|ior than in 19^2. Bowovor,
tho ratio of 19*13 Inooao to 19**2 inooao lo u&lkoly to bo 00 hl$i ao
19 to Xkm 9onooqnontlyt with oollootion at oouroo undor both &*&« 7378
and tho Iteal plan* oollootiono undor
731* aro llkoly to fall ohort
of oollootiono undor tho ftaai plan by ooaoldombly loon than 11 billion*
and* indood* »sjr avoa oxoood ooUootlona undor tho linal plan*
1/ Vhlo ootlaato and thooo that follow aro on tho Wolo of tho aaount
of taxoo withhold froa taraoyoro* Thoy aro thorofox* largor than
aotnol oollootiono* olaoo tho o&ount withhold during tho last
^uartor of tho yoar (Ootobor Sooonbor) vould not bo tusmod ovor
to tho Huroau of Intonsal Botoano until January of tho following
5» Canolusiftafl
«« fh« M plan
tttrteus
&o a wrtlrao
only If i t 1* linked with oolloetion at noureo at tha oaablned
aortal and f i m t t x i & i t
VAti.
to tran i f llakod with eollMttca at fraaroo* tha Baal plan 1*
lata iatiafnotory than tha plan ccmtaiaofl la H.B*
oiaeo it
*of*ld ha loot off ootlro la vithdrawiag puroh&oi&g powor fsoa tha
maiteot for ooaaaaor good* and wiald ho
o^ultixhlo.
a* If linked with collection at oo&rco, tha Baal plan ml&t
ha proforshlo to a ooatlaaatloa of praooat aothodo of tax oollootloa t
to aolf-a*fta«*»aat aad quarterly i&ot&laaat payaants with no
provi*loa*for eolloetloa at ooaroo*
A* fho
plan doa« aot ollalaata tho pujnaoat of moro than
oaa jroar1* taxos la oalon&ar 19^3*
dofloitnoy payts$»tf* oa ighg
laooao duo la Kardi l$*3 t ara qaoatltatlvoly alaoot at largo ai tha
aaoa&t that nould ha withhold aador tha 5 poroaat oollootloa at
ooaroa prorldaft for la H.B. 7372* Tha additional poyaaat* %*rald0
hovaror, ha aado V diffor#at poraoao*
a, ®ha oa&oall&tloa of 19^1 liohilitloo prorldod for
too
final |ilaa aould ooafor a %dn&fall gala oa porooao *ith ahaoroally
high laooaoo la 19**1* Thi* dofoat ooald ha rod&aod hat aot allai&atod
V proirldlag for tho cancellation of aithor 19*0. or 19^2 llahlUtloo,
*hich»vor lo tha aa&llor*
fm fho ogtaoallatloa of oaa yaar9o il&hilltloo wain ohlft part
af tha tax hor&oa froa poroo&o
ara aow taxpayer® to parson* aha
aatOy hoooaa t&39>ay*ro#
fho Bmal plaa without eollootloa at oouroo la largo aoaoara
acooapliohos tha ohjootlr* af koaplag tha taxpoyar oat of Aoht to
tha ffoiroramoat*
iu Sfho Rual plaa without oollootloa At ooaroo dooo aat
ojmohroaiio tax payaonis ^Ift tha roaoipt of laooao* ladaad, la
aoao oaooa i t mp mate* tha poyaoat prohlaa *or*o than andor tho
prooaat law* Aotaal taar payaaato ta aagr yoar ftopoad oa tha laooao
hlotoiy durisg tha ^raaoftlaff t*o yaaro*
froaaary INgtartaaat* Mvloloa of fax Soooaroh
modMatii
Afegaat fc* 19*12
