The Pros And Cons Of Bush Tax Cuts

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1anticipating a Bush tax cut, managed to push some income from the end of 2000 into 2001. 2Although most wage earners can't control when they get paid, delaying a sizable bonus to January from December, for instance, would make a big difference in tax liabilities if a tax cut is retroactive to the beginning of the year. 3and, most recently, at the most recent presidential transfer of power. There was a surge in receipts at the end of the year in 1992. Known as the "Clinton effect," the jump was attributed to fears that Mr. Clinton would, as he did, raise taxes. 1A half-dozen American insurance companies have begun exploiting a loophole in federal tax law. By simply moving their headquarters to Bermuda or being acquired by a Bermuda

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