U.S. Tax Reform – “Tax Cuts and Jobs Act of 2017″

Key Changes for Individuals:

The new tax law changes will not affect the 2017 personal income tax return filings.  The new laws go in effect for the 2018 personal income tax return filings.

For individuals, there are still seven tax brackets but the rates have changed.  The new rates for the brackets are: 10%, 12%, 22%, 24%, 32%, 35% and 37%.  The following table compares the individual tax rates applicable for 2017 and prior (“Current Law”) to the individual tax rates under the new law (“Conference Agreement”):

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Sol Max, a Founder of LTX, Retires

After more than 40 years of service to the company Sol Max has decided to retire at the young age of 81. As one of LTX’s original founders, through the years Sol has made innumerable contributions to both the company and our industry. Recognized throughout our industry as one of its brightest minds Sol not only was innovative in his ability to come up with groundbreaking  solutions to really challenging test engineering  problems, he also was a teacher and mentor to so many engineers who have had the honor and pleasure to work with him. The people that have learned so much from Sol will in fact be his most important legacy.

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