Married filing jointly, two incomes $60,000 total, no dependents, charitable contribution

Total income $60,000

Earnings of lesser earner 30,000

Dependents under 17 - 0

Dependents 17 or older- 0

Standard deduction 7,600

Personal exemption 5,800

Charitable contribution 6,500

Tax using current tax law Tax under Bush proposal

Charitable contribution $6,500

Dual earner 3,000

Taxable income $46,600 Taxable income 37,100

Child tax credit 0 Child tax credit 0

Total taxes 7,172 Total taxes 4,965

Tax cut under Bush proposal $2,207

Lesser earner deduction $ 590

Rate change 642

Charitable contribution 975

Percentage tax cut 30.77

Increase in family income 3.68%

© 2001 Deseret News Publishing Company

Source: D. Brock Griffiths, tax specialist with Ernst & Young