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New Tax Laws Offer Broad Breaks in 1981 Bill
Tax changes begin Oct 1 with a 5 percent withholding cut and 1 percent annual tax savings for a typical family. All Savers Certificates debut Oct 1 with 12.61 percent first-year yields, exempting up to 1000 of interest from federal tax. Brackets fall to 11 50 percent through phased cuts by 1983, shifting value of itemized deductions and encouraging timing of income and deductions.
MENTIONED IN THIS ARTICLE
Paul
Savings and Loan
U.S. Treasury
Treasury
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