Special CCH Coverage: 2003 Bush Tax Plan

How The President’s Plan Changes Tax Brackets, Rates

Married Filing Jointly
(& Surviving Spouse)

Current Law		Bush Plan
2003 Taxable Income	Tax Rate	2003 Taxable Income	Tax Rate
$0-$12,000	10%	$0-$14,000	10%
$12,000-$47,450	15%	$14,000-$56,800	15%
$47,450-$114,650	27%	$56,800-$114,650	25%
$114,650-$174,700	30%	$114,650-$174,700	28%
$174,700-$311,950	35%	$174,700-$311,950	33%
$311,950 +	38.6%	$311,950 +	35%

Married Filing Separately

Current Law		Bush Plan
2003 Taxable Income	Tax Rate	2003 Taxable Income	Tax Rate
$0-$6,000	10%	$0-$7,000	10%
$6,000-$23,725	15%	$7,000-$28,400	15%
$23,725-$57,325	27%	$23,725-$57,325	25%
$57,325-$87,350	30%	$57,325-$87,350	28%
$87,350-155,975	35%	$87,350-155,975	33%
$155,975 +	38.6%	$155,975 +	35%

Single Filers

Current Law		Bush Plan
2003 Taxable Income	Tax Rate	2003 Taxable Income	Tax Rate
$0-$6,000	10%	$0-$7,000	10%
$6,000-$28,400	15%	$7,000-$28,400	15%
$28,400-$68,800	27%	$28,400-$68,800	25%
$68,800-$143,500	30%	$68,800-$143,500	28%
$143,500-311,950	35%	$143,500-311,950	33%
$311,950 +	38.6%	$311,950 +	35%

Head of Household

Current Law		Bush Proposal
2003 Taxable Income	Tax Rate	2003 Taxable Income	Tax Rate
$0-$10,000	10%	$0-$10,000	10%
$10,000-$38,050	15%	$10,000-$38,050	15%
$38,050-$98,250	27%	$38,050-$98,250	25%
$98,250-$159,100	30%	$98,250-$159,100	28%
$159,100-$311,950	35%	$159,100-$311,950	33%
$311,950 +	38.6%	$311,950 +	35%

Source: CCH INCORPORATED