Single filer, $60,000 income, no dependants, no charitable contribution

Income $60,000

Standard deduction 4,550

Personal exemption 2,900

Charitable Contribution 0

Tax using current tax law Tax under Bush proposal

Charitable contribution $ 0

Taxable income: 52,550 Taxable income 52,550

Total taxes: 11,198 Total taxes 10,133

Tax cut under Bush proposed change in rates $1,065

Percentage tax cut 9.51

Increase in family income 1.78%

© 2001 Deseret News Publishing Company

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