Tax Bracket Comparison
The tax cuts enacted by this legislation were retroactive to January 1, 2003 and first applied to taxes filed for the 2003 tax year. These individual rate reductions are scheduled to sunset on January 1, 2011 along with the Economic Growth and Tax Relief Reconciliation Act of 2001 unless further legislation is enacted to extend or make permanent its changes. This comparison shows how the ordinary taxable income brackets for each filing status were changed.
Read more about this topic: Jobs And Growth Tax Relief Reconciliation Act Of 2003
Famous quotes containing the words tax and/or comparison:
“Change of fashion is the tax levied by the industry of the poor on the vanity of the rich.”
—Sébastien-Roch Nicolas De Chamfort (1741–1794)
“It is comparison than makes people miserable.”
—Chinese proverb.