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

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