Jobs And Growth Tax Relief Reconciliation Act Of 2003
- Topics:
- Compensation Guide,
- Stock Options
- Tags:
- Benefits,
- Compensation,
- Finance,
- Financial Planning,
- Frederic W Cook,
- Human Resources,
- Job,
- Tax Relief Reconciliation Act,
- Taxes
- Source:
- Frederic W Cook
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Overview: On May 28, 2003, President Bush signed into law the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JAGTRRA). The Jobs and Growth Tax Relief Reconciliation Act of 2003 reduced the top individual tax rate on capital gains and dividends to 15%. However, these changes will have a limited impact on compensation design since unvested equity compensation (e.g., restricted stock) will continue to be taxed at ordinary income tax rates. Earlier versions of the legislation contained provisions that would severely limit the flexibility of nonqualified deferred compensation plans. This article deals with compensation and stock options.
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Format: PDF | Size: 151KB | Date: Jul 2003 | Pages: 3
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