search query: @author Person, S. / total: 8
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Author: | Person, S. |
Title: | Income taxes: what's new and different in 1991 |
Journal: | Journal of Accountancy
1991 : NOV, p.73-80 |
Index terms: | ACCOUNTING |
Language: | eng |
Abstract: | The US tax year 1991 signifies the start of a new are of higher taxes. New tax rates will be in effect for 1991. Capital gains are now subject to a maximum tax rate of 28%. Phaseouts introduced in 1986 have been finished. Deductions on interest are either eliminated or curtailed. The next few years may witness increasing efforts to expand the tax base and eliminate popular tax breaks. |
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