Bushs Tax Reform
Date Submitted: 04/06/2004 07:15:48
Category: / Law & Government / Government & Politics
Length: 3 pages (769 words)
Category: / Law & Government / Government & Politics
Length: 3 pages (769 words)
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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 )
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