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| rentals, over 50 housing , which desperate housewife are you , purestock, stock, webzine, spain, bluemoon, personal ads online, housewife photos , mars, 1950's housewife , | The Tax Bill Contains The Following Provisions Which Will Require Permanent Status: Marginal Rate Reductions (Similar to H.R. 3) *Lowers the top tax rate from 39.6 percent to 35 percent, and lowers 0471977780 other tax 0471977780 rates to create a new rate structure: 10 percent, 0471977780 15 percent, 25 percent, 28 percent 33 percent, and 35 percent. *Creates new 10 percent rate effective January 1, 2001, on first $6,000 (singles), on first $10,000 (single parents), and first $12,000 (couples). *For 2001, the benefit of the new 10 percent bracket is provided this year through a lump-sum refund of $300 for single taxpayers, $500 for single parents, and $600 for married taxpayers. *Repeals personal exemption (PEP) and itemized deductions phase-outs beginning in 2006. |
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| Prior to the repeal of the marriage tax penalty in the 2001 Act, on average, married working couples suffer housewife photos $1,400 in higher taxes simply because they were married. The Act corrects the marriage tax for the majority of the 25 million families which suffer, housewife photos by adjusting the 15 percent bracket to twice that of singles and by doubling the standard deduction for married couples, which is phased-in over five housewife photos years beginning in 2005. “$1,400 is real money in Joliet, Illinois,” said Weller. “$1,400 is school clothes for the kids, tuition at a local community college, 3 months of day care, several car payments or a family vacation with the kids. With the economy showing signs of weakness over the last several weeks, $1,400 would mean a lot to the families I represent. Marriage tax relief is not only the right thing to do, but now is the right time to do it.” |
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