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Tax Law Revision - June
2001
President Bush recently signed into law the new $1.3 trillion Economic
Growth and Tax Relief Reconciliation Act of 2001. This
new law contains the largest federal tax cut in more than two
decades. Included in the tax bill are sweeping changes to both
the federal income tax and transfer tax rules (the estate tax, the
gift tax, and the generation skipping transfer tax). That is the
good news . . . the bad news is that many of the provisions are not
effective until future years, and in some instances, higher taxes may
be reinstated after 2009.
For your convenience, RBS&A has
arranged with Newkirk Communications to provide a hyperlink to
their website to enable you to view a summary of the new 2001
Tax Relief Act. With a click of your mouse on the icon
below, you can view this summary that has been edited by Newkirk's tax
experts. We would be pleased to discuss with you the
implications that these new tax rules will have on your personal
situation. Feel free to call or e-mail us.
Is the Information Revolution
Responsible for the Productivity Growth Spurt of the late '90's . . .
and Will it Continue? - May 14, 2001
By Michael Edesess, Ph.D., Chief
Economist, Lockwood Financial
Starting in the 1970's, prophets claimed that
computers would bring enormous productivity growth to the economy.
More>>
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