Corrections & Clarifications
"What the cuts mean to you" (Special Report, June 9, 2003)
A story on the recently passed Jobs & Growth Tax Relief Reconciliation Act ("What the cuts mean to you," Special Report, June 9) misstated the effective date for a rate cut applied to dividend income. The lower rates will apply to all dividends received in 2003. Also, the amount that a couple may give to each child without incurring gift tax was understated. The correct amount is $22,000.
A chart comparing taxable investment accounts under the new rates with tax-deferred accounts also was unclear. The hypothetical tax-deferred account was funded with aftertax dollars -- as in the case of aftertax 401(k) contributions, or a variable annuity -- and did not include a tax deduction for the initial investment.
"Alternative energy: Want the last laugh?" (BusinessWeek Investor, June 2, 2003)
"Alternative energy: Want the last laugh?" (BusinessWeek Investor, June 2) should have said that FPL Energy -- not holding company FPL Group, of which it is a subsidiary -- gets 24% of its electricity from wind.
"Et Cetera..." (In Business This Week, June 9, 2003)
"Et Cetera..." (In Business This Week, June 9) incorrectly noted that Cantor Fitzgerald is being sued for $100 million in back rent at the World Trade Center. It is being sued for $1 million.
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