Bushs Tax Reform
Title: Bushs Tax Reform
Category: /Law & Government/Government & Politics
Details: Words: 769 | Pages: 3 (approximately 235 words/page)
Bushs Tax Reform
Category: /Law & Government/Government & Politics
Details: Words: 769 | Pages: 3 (approximately 235 words/page)
showed first 75 words of 769 total
You are viewing only a small portion of the paper.
Please login or register to access the full copy.
Please login or register to access the full copy.
showed last 75 words of 769 total
Tax Rates by 2001 Taxable Income*
Current Code Bush Plan**
Single Single
$0 $27,050 15% $0 $6,000 10%
$27,050 $65,550 28% $6,000 $27,050 15%
$65,550 $136,750 31% $27,050 $136,750 25%
$136,750 $297,350 36% $136,750 -- 33%
$297,350 -- 39.6%
Head of Household Head of Household
$0 $36,250 15% $0 $10,000 10%
$36,250 $93,650 28% $10,000 $36,250 15%
$93,650 $151,650 31% $36,250 $151,650 25%
$151,650 $297,350 36% $151,650 -- 33%
$297,350 -- 39.6%
Married- Joint Filing Married- Joint Filing
$0 $45,200 15% $0 $12,000 10%
$45,200 $109,250 28% $12,000 $45,200 15%
$109,250 $166,500 31% $45,200 $166,500 25%
$166,500 $297,350 36% $166,500 -- 33%
$297,350 -- 39.6%
* Taxable income is income less deductions and personal exemptions.**Rate schedule assumes tax plan is fully phased in.
Graph: 1b (source: Executive Summary from the Presidents Tax Relief Plan www.bushtaxreliefplan.com )
*......GO TO WEBSITE TO GET THE RED AND BLUE BAR CHART......
www.bushtaxreliefplan.com )