Introduction
On June 7th, President Bush signed into law
legislation that will provide $1.35 trillion in
tax cuts over the next several years, including
the creation of a 10% income tax bracket
retroactive to January 1, 2001.
This article will give you a brief overview of
the new tax cut legislation and some perspective
on how it could affect your personal and business
tax planning. The focus is on provisions going
into effect immediately or in 2002. However, a key
feature of this law is that many provisions are
not slated to become fully effective for several
years. Hence, we will touch upon these items to
give you a clearer view of the planning horizon.
What's New
On June 7th, President Bush signed into law
legislation that will provide $1.35 trillion in
tax cuts over the next several years, including
the creation of a 10% income tax bracket
retroactive to January 1, 2001.
This article will give you a brief overview of
the new tax cut legislation and some perspective
on how it could affect your personal and business
tax planning. The focus is on provisions going
into effect immediately or in 2002. However, a key
feature of this law is that many provisions are
not slated to become fully effective for several
years. Hence, we will touch upon these items to
give you a clearer view of the planning horizon.
Recent News
On June 7th, President Bush signed into law
legislation that will provide $1.35 trillion in
tax cuts over the next several years, including
the creation of a 10% income tax bracket
retroactive to January 1, 2001.
This article will give you a brief overview of
the new tax cut legislation and some perspective
on how it could affect your personal and business
tax planning. The focus is on provisions going
into effect immediately or in 2002. However, a key
feature of this law is that many provisions are
not slated to become fully effective for several
years. Hence, we will touch upon these items to
give you a clearer view of the planning horizon.
On June 7th, President Bush signed into law
legislation that will provide $1.35 trillion in
tax cuts over the next several years, including
the creation of a 10% income tax bracket
retroactive to January 1, 2001.
This article will give you a brief overview of
the new tax cut legislation and some perspective
on how it could affect your personal and business
tax planning. The focus is on provisions going
into effect immediately or in 2002. However, a key
feature of this law is that many provisions are
not slated to become fully effective for several
years. Hence, we will touch upon these items to
give you a clearer view of the planning horizon.
-- SouthernUtahLaw.com | 
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