The Heartland Institute

Comparing the Bush Tax Cut to Lieberman Tax Hike

Published December 1, 2003
MARRIED TAXPAYERS, FILING JOINTLY
Bush Tax Cut Lieberman Tax Hike
Adjusted Gross Income Tax Rate Adjusted Gross Income Tax Rate
$0 – $14,000 10% $0 – $14,000 10%
$14,000 – $56,800 15% $14,000 – $56,800 12.5%
$56,800 – $114,650 25% $56,800 – $114,650 22.5%
$114,650 – $174,700 28% $114,650 – $150,000 28%
$174,700 – $311,950 33% above $150,000 39.6%
above $311,950 35%    
SINGLE TAXPAYERS
Bush Tax Cut Lieberman Tax Hike
Adjusted Gross Income Tax Rate Adjusted Gross Income Tax Rate
$0 – $7,000 10% $0 – $7,000 10%
$7,000 – $28,400 15% $7,000 – $28,400 12.5%
$28,400 – $68,800 25% $28,400 – $68,800 22.5%
$68,800 – $143,500 28% $68,800 – $143,500 28%
$143,500 – $311,950 33% above $143,500 39.6%
above $311,950 35%    

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