The Economic Growth and Tax Relief Reconciliation Act of 2001

Planning for Decreasing Tax Rates

For 2001

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Consider deferring income

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Accelerate tax deductions you’d take in 2002

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Prepay annual charitable contributions in

December; and

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Prepay state tax liabilities.

For 2002

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delay the receipt of bonuses or the exercise of

nonqualified stock options;

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Participate in qualified retirement plans; and

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Participate in deferred compensation plans.