Two single filers, no dependents, no charitable contribution

FOR EACH:

Income $28,000

Standard deduction 4,550

Personal exemption 2,900

Charitable contribution 0

Tax using current tax law Tax under Bush proposal

Taxable income $20,550 Taxable income $20,550

Total taxes 3,083 Total taxes 2,783

Total taxes times 2

$6,166 $5,566

Married filing jointly, two incomes, no dependents, no charitable contributionTotal income $56,000

Earnings of lesser earner 28,000

Standard deduction 7,600

Personal exemption 5,800

Charitable contribution 0

Tax using current tax law Tax under Bush proposal

Charitable contribution $ 0

Dual earner 2,800

Taxable income $42,600 Taxable income 39,800

Child tax credit 0 Child tax credit 0

Total taxes 6,390 Total taxes 5,370

Marriage penalty under current tax law: $224

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Tax on two single filers $6,166

Tax on two joint filers 6,390


© 2001 Deseret News Publishing Company

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

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