Some of the most substantial deductions in the federal tax code are the itemized deductions for state and local income, sales, and real estate taxes. This map shows the variation, by county, in the amounts of...
- 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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