Tax reform and its impact
Article Abstract:
President Reagan's sweeping tax reform plan will damage some industries, such as: real estate, small business, the smokestack industries, savings and loans, and commercial banks. The tax plan seeks repeal of the investment tax credit. Also, the Real Cost Recovery System would replace the existing Accelerated Cost Recovery System. The government's tax plan seeks balanced and fair treatment of individuals and businesses, rapid industrial growth, and reduced inflationary effects on income.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1985
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Tax reform and retirement savings
Article Abstract:
The administration's tax reform plan would alter the accounting of retirement income. The Department of Treasury would raise the Individual Retirement Account (IRA) ceiling to $2,500 and allow either spouse working at home to participate. The Treasury seeks to repeal 401(k) plans that give companies the right to make tax-free contributions to retirement savings accounts.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1985
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Taxes: how business leaders view tax reform
Article Abstract:
The 1986 fiscal budget being planned by the Reagan Administration calls for the creation of enterprise zone tax incentives. The plan proposes to designate between 25 and 75 ailing areas as enterprise areas which can receive tax aid. Cutting the government's deficit budget is more crucial to business leaders polled by the Conference Board than the planned tax reform law.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1985
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