Head of household, two dependents under 17, two dependents 17 or older, charitable contribution

Income $45,000

Dependents under 17 - 2

Dependents 17 or older - 2

Standard deduction 6,650

Personal exemption 14,500

Charitable contribution 2,000

Tax using current tax law Tax under Bush proposal

Charitable contribution $ 2,000

Taxable income $23,850 Taxable income 21,850

Child tax credit 1,000 Child tax credit 2,000

Total taxes 2,578 Total taxes 778

Tax cut under Bush proposal $1,800

Rate cut - $500

Increased child credit - $1,000

Charitable contribution - $300

Ppercentage tax cut 69.82

Increase in family income 4%

© 2001 Deseret News Publishing Company

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