Income $28,000
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: $20,550 Taxable income 20,550
Total taxes: 3,083 Total taxes 2,783
Tax cut under Bush proposed change in rates $300
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Percentage tax cut 9.73
Increase in family income 1.07%
© 2001 Deseret News Publishing Company
Source: D. Brock Griffiths, tax specialist with Ernst & Young