The latest advertisements on behalf of Larry Hogan, the GOP candidate for Maryland’s Governor, have focused on tying his opponent, Lt. Governor Anthony Brown, to the tax policies of Governor Martin O’Malley (D). In his...
- Comparing Income Taxes under Bill Clinton and George Bush
Comparing Income Taxes under Bill Clinton and George Bush
February 19, 2008
| Individual Income Tax Due in 2008, |
Bush Law versus Clinton Law
|For taxpayers who take the standard deduction and have no children|
|Taxpayer||Tax That Would Have Been Owed under Clinton-Era Tax Law||Tax Owed under Current Law, with Bush Tax Cuts|
|Single, income of 30,000||$3,157.50||$2,756.25|
|Single, income of 50,000||$7,262.50||$6,606.25|
|Married, income of $50,000||$5,085.00||$4,012.50|
|Married, income of $60,000||$6,585.00||$5,512.50|
|Single, income of $75,000||$14,262.50||$12,856.25|
|Married, income of $75,000||$9,426.50||$7,762.50|
|Single, income of $125,000*||$29,378.50||$26,472.25|
|Married, income of $125,000*||$23,426.50||$19,462.50|
|*This chart does not take into account the Alternative Minimum Tax|
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