The 2003 tax cut: What it means to you and your practice

July 1, 2003
Mark E. Battersby

Mark E. Battersby is a financial and tax consultant based in Ardmore, PA. For specific questions about taxes and finances, consult a tax adviser. The publisher is not engaged in rendering legal advice.

Congress passed it, and the president signed it. The $330 billion, 10-yeartax cut plan will have a significant impact on the tax bills of every physicianand his or her practice. The bill largely adopts the House's prescriptionfor trimming taxes on capital gains and stock dividends for at least 5 yearswhile lowering income tax rates and encouraging business investment.