
federal law enacted in 1981 that cut taxes across-the-board, modified the depreciation tables used by businesses in writing off capital equipment, and indexed tax brackets to the inflation rate. The act reduced the individual tax rate by 23%, cut the corporate capital gains tax to a maximum of 20%, and introduced the accelerated cost recovery system used by businesses in calculating
To encourage individual savings, the act made
The act also reduced the federal tax on estate and gift taxes, making the first $600,000 tax free after 1987, and allowed an unlimited
Industry Associations
Institute for Economic Analysis
Seeks to develop tools for macroeconomic analysis and policy that can maintain stable full employment growth, low inflation, low interest rates and equitable distribution of income and wealth. Integrates GDP ...
Founded: 1974