US Treasury: 50

8/14/2019 US Treasury: 50

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THE ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 &

THE JOBS AND GROWTH TAX RELIEF RECONCILIATION ACT OF 2003 WILL

PROVIDE BENEFITS TO MORE THAN 105 MILLION U.S TAXPAYERS

REDUCING TAXES

• More than 105 million taxpayers in the U.S. will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• More than 23 million business taxpayers in the U.S. can use their tax savings from thetwo Acts to invest in new equipment, hire additional workers, and increase pay.

NEW 10-PERCENT BRACKET

• Nearly 94 million taxpayers in the U.S. will benefit from the new 10-percent bracketenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the

bracket scheduled for 2008.

REDUCTION IN INCOME TAX RATES

• Nearly 25 million taxpayers in the U.S. will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.

REDUCTION OF MARRIAGE PENALTY

• More than 33 million married couples in the U.S. will benefit from the JGTRRA

acceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percentbracket to twice the width for single filers. These two provisions were scheduled tophase in between 2005 and 2009.

INCREASE IN CHILD TAX CREDIT

• 26 million married couples and single parents in the U.S. benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

REDUCED TAX RATES ON CAPITAL GAINS AND CORPORATE DIVIDENDS

• 23 million taxpayers in the U.S. will benefit from the reduced tax rates on capital gainsand corporate dividends under JGTRRA.

SOURCE: Counts are for the number of returns filed in 2003 that would have benefited from the package. These

estimates are based on tabulations from all individual income tax returns processed by the Internal Revenue Service

in 2003. Most of these returns covered tax year 2002.

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THE JOBS AND GROWTH TAX RELIEF RECONCILIATION ACT OF 2003 WILL

VIDE BENEFITS TO MORE THAN 1.4 MILLION ALABAMA TAXPAYEPRO RS

of

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d 2010.

r JGTRRA.

REDUCING TAXES

• More than 1.4 million taxpayers in Alabama will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• 300,000 business taxpayers in Alabama can use their tax savings from the two Acts toinvest in new equipment, hire additional workers, and increase pay.


• More than 1.2 million taxpayers in Alabama will benefit from the new 10-percentbracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions

the bracket scheduled for 200


• 255,000 taxpayers in Alabama will benefit from the EGTRRA reduction in income tarates above 15-percent and the JGTRRA acceleration to 2003 of the reductions sfor 2004 and 2006.


• More than 465,000 married couples in Alabama will benefit from the JGTRRA



• Nearly 420,000 married couples and single parents in Alabama benefit from the increasein the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of theincrease from $600 to $1,000 that was scheduled to phase in between 2005 an

R

EDUCED TAX RATES ON CAPITAL GAINS AND CORPORATE DIVIDENDS

• More than 275,000 taxpayers in Alabama will benefit from the reduced tax rates oncapital gains and corporate dividends unde



n 2003. Most of these returns covered tax year 2002.i

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THE JOBS AND GROWTH TAX RELIEF RECONCILIATION ACT OF 2003

ILL PROVIDE BENEFITS TO NEARLY 265,000 MILLION ALASKA TAXPAYERW S

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5

l

REDUCING TAXES

• Nearly 265,000 taxpayers in Alaska will have lower income tax bills in 2004 underEGTRRA and JGTRRA.

• 70,000 business taxpayers in Alaska can use their tax savings from the two Acts to invein new equipment, hire additional workers, and increase pay.


• 240,000 taxpayers in Alaska will benefit from the new 10-percent bracket enacted inEGTRRA and the JGTRRA acceleration to 2003 of the expansions of the bracket

scheduled for 2008.


• 70,000 taxpayers in Alaska will benefit from the EGTRRA reduction in income tax ratesabove 15-percent and the JGTRRA acceleration to 2003 of the reductions scheduled for2004 and 2006.


• 83,000 married couples in Alaska will benefit from the JGTRRA acceleration to 2003 of

the EGTRRA provisions that increase the standard deduction for joint filers to double theamount for single filers and increase the width of the 15-percent bracket to twice thewidth for single filers. These two provisions were scheduled to phase in between 200and 2009.


• More than 60,000 married couples and single parents in Alaska benefit from the increasein the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of theincrease from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

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• More than 60,000 taxpayers in Alaska will benefit from the reduced tax rates on capitagains and corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO MORE THAN 1.8 MILLION ARIZONA TAXPAYERS

REDUCING TAXES

• More than 1.8 million taxpayers in Arizona will have lower income tax bills in 2004under EGTRRA and JGTR

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pay.

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RA.

• 380,000 business taxpayers in Arizona can use their tax savings from the two Acts toinvest in new equipment, hire additional workers, and increase


• More than 1.6 million taxpayers in Arizona will benefit from the new 10-percent braenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of th

bracket scheduled fo


• 400,000 taxpayers in Arizona will benefit from the EGTRRA reduction in income taxrates above 15-percent and the JGTRRA acceleration to 2003 of the reductions scheduledfor 2004 and 200


• 580,000 married couples in Arizona will benefit from the JGTRRA acceleration to 2003

of the EGTRRA provisions that increase the standard deduction for joint filers to doublethe amount for single filers and increase the width of the 15-percent bracket to twice thewidth for single filers. These two provisions were scheduled to phase in between 2005and 2009.


• Nearly 470,000 married couples and single parents in Arizona benefit from the increasein the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of theincrease from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

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• More than 380,000 taxpayers in Arizona will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTR




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WIL RS

GTRRA.

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L PROVIDE BENEFITS TO 12.4 MILLION CALIFORNIA TAXPAYE

REDUCING TAXES

• 12.4 million taxpayers in California will have lower income tax bills in 2004 underEGTRRA and J

• Nearly 3.1 million business taxpayers in California can use their tax savings from thetwo Acts to invest in new equipment, hire additional workers, and increase pay.


• More than 11 million taxpayers in California will benefit from the new 10-percentbracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions



• More than 3.4 million taxpayers in California will benefit from the EGTRRA reducin income tax rates above 15-percent and the JGTRRA acceleration to 2003 of threductions scheduled for 2004 and 2006.


• Nearly 3.8 million married couples in California will benefit from the JGTRRA



• Nearly 3 million married couples and single parents in California benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 201

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• Nearly 2.9 taxpayers in California will benefit from the reduced tax rates on capital gaand corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO MORE THAN 1.7 MILLION COLORADO

TAXPAYERS

EDUCING TAXES

• payers in Colorado will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• thetwo Acts to invest in new equipment, hire additional workers, and increase pay.

EW 10-PERCENT BRACKET

• the JGTRRA acceleration to 2003 of the expansions of

the bracket scheduled for 2008.

EDUCTION IN INCOME TAX RATES

• n inJGTRRA acceleration to 2003 of the

reductions scheduled for 2004 and 2006.

ED C

• ent

le filers. These two provisions were scheduled to

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•

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• will benefit from the reduced tax rates on

ncome tax returns processed by the Internal Revenue Service

2003. Most of these returns covered tax year 2002.

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More than 1.7 million tax

More than 470,000 business taxpayers in Colorado can use their tax savings from

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More than 1.5 million taxpayers in Colorado will benefit from the new 10-percent

bracket enacted in EGTRRA and

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More than 460,000 taxpayers in Colorado will benefit from the EGTRRA reductioincome tax rates above 15-percent and the

R U TION OF MARRIAGE PENALTY

More than 565,000 married couples in Colorado will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percbracket to twice the width for singphase in between 2005 and 2009.

IN R ASE IN CHILD TAX CREDIT

410,000 married couples and single parents in Colorado benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R DUCED TAX RATES ON CAPITAL GAINS AND CORPORATE DIVIDENDS

More than 400,000 taxpayers in Coloradocapital gains and corporate dividends under JGTRRA.


stimates are based on tabulations from all individual ie

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WILL PROVIDE BENEFITS TO NEARLY 1.4 MILLION CONNECTICUT

TAXPAYERS

REDUCING TAXES

• Nearly 1.4 million taxpayers in Connecticut will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• More than 325,000 business taxpayers in Connecticut can use their tax savings from thtwo Acts to invest in new equipment, hire additional workers, and increase pay.

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t

e

se

ins


• More than 1.2 million taxpayers in Connecticut will benefit from the new 10-percen

bracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the bracket scheduled for 2008.


• More than 455,000 taxpayers in Connecticut will benefit from the EGTRRA reductionin income tax rates above 15-percent and the JGTRRA acceleration to 2003 of threductions scheduled for 2004 and 2006.


• More than 455,000 married couples in Connecticut will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percentbracket to twice the width for single filers. These two provisions were scheduled tophase in between 2005 and 2009.


• 320,000 married couples and single parents in Connecticut benefit from the increase inthe child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increafrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

EDUCED TAX RATES ON CAPITAL GAINS AND CORPORATE DIVIDENDSR

• 365,000 taxpayers in Connecticut will benefit from the reduced tax rates on capital gaand corporate dividends under JGTRRA.




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EDUCING TAXES

• 320,000 taxpayers in Delaware will have lower income tax bills in 2004 under EGTRRA

• Nearly 60,000 business taxpayers in Delaware can use their tax savings from the two


• 290,000 taxpayers in Delaware will benefit from the new 10-percent bracket enacted in


•

03

L PROVIDE BENEFITS TO MORE THAN 320,000 DELAWARE TAXPAYE

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and JGTRRA.

Acts to invest in new equipment, hire additional workers, and increase pay.

N

EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the bracket

scheduled for 2008.

R

84,000 taxpayers in Delaware will benefit from the EGTRRA reduction in income taxrates above 15-percent and the JGTRRA acceleration to 2003 of the reductions scheduledfor 2004 and 2006.


• 100,000 married couples in Delaware will benefit from the JGTRRA acceleration to 20



• 80,000 married couples and single parents in Delaware benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• More than 70,000 taxpayers in Delaware will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




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and JGTRRA.

te

r 2008.

for 2004 and 2006.

tween 2005 and 2009.

ILL PROVIDE BENEFITS TO MORE THAN 6.1 MILLION FLORIDA TAXPAYERS

REDUCING TAXES

• More than 6.1 million taxpayers in Florida will have lower income tax bills in 2004under EGTRRA

• Nearly 1.4 million business taxpayers in Florida can use their tax savings from the twoActs to invest in new equipment, hire additional workers, and increase pay.


• More than 5.4 million taxpayers in Florida will benefit from the new 10-percent brackeenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of th



• More than 1.2 million taxpayers in Florida will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled


• Nearly 1.8 million married couples in Florida will benefit from the JGTRRA

acceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percentbracket to twice the width for single filers. These two provisions were scheduled tophase in be


• 1.5 million married couples and single parents in Florida benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• More than 1.2 million taxpayers in Florida will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO MORE THAN 2.9 MILLLION GEORGIA

TAXPAYERS

EDUCING TAXES

• s in Georgia will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• Acts toinvest in new equipment, hire additional workers, and increase pay.


• cket

JGTRRA acceleration to 2003 of the expansions of thebracket scheduled for 2008.


• on inJGTRRA acceleration to 2003 of the


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• hese two provisions were scheduled to phase in

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• increase

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• he reduced tax rates on capital



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R

More than 2.9 million taxpayer

660,000 business taxpayers in Georgia can use their tax savings from the two

N

More than 2.5 million taxpayers in Georgia will benefit from the new 10-percent bra

enacted in EGTRRA and the

R

More than 675,000 taxpayers in Georgia will benefit from the EGTRRA reductiincome tax rates above 15-percent and the

R DU TION OF MARRIAGE PENALTY

Nearly 900,000 married couples in Georgia will benefit from the JGTRRA accelerationto 2003 of the EGTRRA provisions that increase the standard deduction for joint filers todouble the amount for single filers and increase the width of the 15-percent bracket totwice the width for single filers. Tbetween 2005 and 2009.

I R ASE IN CHILD TAX CREDIT

795,000 married couples and single parents in Georgia benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of thefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


Nearly 620,000 taxpayers in Georgia will benefit from tgains and corporate dividends under JGTRRA.



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EDUCING TAXES

• More than 475,000 taxpayers in Hawaii will have lower income tax bills in 2004 under

• More than 120,000 business taxpayers in Hawaii can use their tax savings from the two


• More than 430,000 taxpayers in Hawaii will benefit from the new 10-percent bracket


•

inse

al

ILL PROVIDE BENEFITS TO MORE THAN 475,000 HAWAII TAXPAYER

R

EGTRRA and JGTRRA.

Acts to invest in new equipment, hire additional workers, and increase pay.

N

enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the


R

More than 105,000 taxpayers in Hawaii will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• Nearly 150,000 married couples in Hawaii will benefit from the JGTRRA acceleration to

2003 of the EGTRRA provisions that increase the standard deduction for joint filers todouble the amount for single filers and increase the width of the 15-percent bracket totwice the width for single filers. These two provisions were scheduled to phase inbetween 2005 and 2009.


• Nearly 115,000 married couples and single parents in Hawaii benefit from the increasethe child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increafrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• More than 100,000 taxpayers in Hawaii will benefit from the reduced tax rates on capitgains and corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO MORE THAN 450,000 IDAHO TAXPAYERS

REDUCING TAXES

• More than 450,000 taxpayers in Idaho will have lower income tax bills in 2004 underEGTRRA and JGTRRA.

• Nearly 130,000 business taxpayers in Idaho can use their tax savings from the two Actsto invest in new equipment, hire additional workers, and increase pay.


• 400,000 taxpayers in Idaho will benefit from the new 10-percent bracket enacted inEGTRRA and the JGTRRA acceleration to 2003 of the expansions of the bracket

scheduled for 2008.


• More than 70,000 taxpayers in Idaho will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• Nearly 165,000 married couples in Idaho will benefit from the JGTRRA acceleration to



• More than 120,000 married couples and single parents in Idaho benefit from the increasein the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of theincrease from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• Nearly 90,000 taxpayers in Idaho will benefit from the reduced tax rates on capital gainsand corporate dividends under JGTRRA.




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RA.

ay.

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r 2008.

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of 0.

r JGTRRA.

L PROVIDE BENEFITS TO MORE THAN 4.6 MILLION ILLINOIS TAXPAYE

REDUCING TAXES

• More than 4.6 million taxpayers in Illinois will have lower income tax bills in 2004under EGTRRA and JGTR

• Nearly 1 million business taxpayers in Illinois can use their tax savings from the twoActs to invest in new equipment, hire additional workers, and increase p


• Nearly 4.2 million taxpayers in Illinois will benefit from the new 10-percent bracketenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of th



• More than 1.2 million taxpayers in Illinois will benefit from the EGTRRA reductioincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 1.4 million married couples in Illinois will benefit from the JGTRRA

acceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percebracket to twice the width for single filers. These two provisions were scheduled tophase in between 2005 an


• More than 1.1 million married couples and single parents in Illinois benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 201

R


• More than 1 million taxpayers in Illinois will benefit from the reduced tax rates oncapital gains and corporate dividends unde




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WILL PROVIDE BENEFITS TO MORE THAN 2.2 MILLION INDIANA TAXPAYERS

REDUCING TAXES

• More than 2.2 million taxpayers in Indiana will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• 470,000 business taxpayers in Indiana can use their tax savings from the two Acts toinvest in new equipment, hire additional workers, and increase pay.


• More than 2 million taxpayers in Indiana will benefit from the new 10-percent brackeenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the


t

cheduled

l


• 460,000 taxpayers in Indiana will benefit from the EGTRRA reduction in income taxrates above 15-percent and the JGTRRA acceleration to 2003 of the reductions sfor 2004 and 2006.


• More than 760,000 married couples in Indiana will benefit from the JGTRRA



• Nearly 595,000 married couples and single parents in Indiana benefit from the increasein the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of theincrease from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• Nearly 475,000 taxpayers in Indiana will benefit from the reduced tax rates on capitagains and corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO MORE THAN 1 MILLION IOWA TAXPAYERS

REDUCING TAXES

• More than 1 million taxpayers in Iowa will have lower income tax bills in 2004 undeEGTRRA and JGTRRA.

r

e pay.

ase

• More than 280,000 business taxpayers in Iowa can use their tax savings from the twoActs to invest in new equipment, hire additional workers, and increas


• More than 970,000 taxpayers in Iowa will benefit from the new 10-percent bracketenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the



• 190,000 taxpayers in Iowa will benefit from the EGTRRA reduction in income tax ratesabove 15-percent and the JGTRRA acceleration to 2003 of the reductions scheduled for2004 and 2006.


• More than 370,000 married couples in Iowa will benefit from the JGTRRA acceleration

to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers todouble the amount for single filers and increase the width of the 15-percent bracket totwice the width for single filers. These two provisions were scheduled to phase inbetween 2005 and 2009.


• Nearly 280,000 married couples and single parents in Iowa benefit from the increase inthe child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increfrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• Nearly 220,000 taxpayers in Iowa will benefit from the reduced tax rates on capital gainsand corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO 980,000 KANSAS TAXPAYERS

REDUCING TAXES

• 980,000 taxpayers in Kansas will have lower income tax bills in 2004 under EGTRRAand JGTRRA.

• More than 245,000 business taxpayers in Kansas can use their tax savings from the twActs to invest in new equipment, hire additional workers, and increase pay.

o

t

04 and 2006.

nt

d 2009.

RA.


• More than 880,000 taxpayers in Kansas will benefit from the new 10-percent brackeenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the



• Nearly 200,000 taxpayers in Kansas will benefit from the EGTRRA reduction in incometax rates above 15-percent and the JGTRRA acceleration to 2003 of the reductionsscheduled for 20


• More than 340,000 married couples in Kansas will benefit from the JGTRRA



• 255,000 married couples and single parents in Kansas benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• More than 205,000 taxpayers in Kansas will benefit from the reduced tax rates on capitalgains and corporate dividends under JGTR




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WILL KY

TAXPAYERS

EDUCING TAXES

• million taxpayers in Kentucky will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• m the twoActs to invest in new equipment, hire additional workers, and increase pay.


• and the JGTRRA acceleration to 2003 of the expansions of



• n inent and the JGTRRA acceleration to 2003 of the


E C

• the

provisions were scheduled to phase in between 2005

NC E

• seof the

E

• enefit from the reduced tax rates on



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PROVIDE BENEFITS TO MORE THAN 1.3 MILLION KENTUC

R

More than 1.3

Nearly 300,000 business taxpayers in Kentucky can use their tax savings fro

N

More than 1.2 million taxpayers in Kentucky will benefit from the new 10-percent

bracket enacted in EGTRRA

R

More than 235,000 taxpayers in Kentucky will benefit from the EGTRRA reductioincome tax rates above 15-perc


465,000 married couples in Kentucky will benefit from the JGTRRA acceleration to 2003of the EGTRRA provisions that increase the standard deduction for joint filers to doublethe amount for single filers and increase the width of the 15-percent bracket to twicewidth for single filers. These twoand 2009.


Nearly 360,000 married couples and single parents in Kentucky benefit from the increain the child tax credit under EGTRRA and the JGTRRA acceleration to 2003increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


More than 270,000 taxpayers in Kentucky will bcapital gains and corporate dividends under JGTRRA.



in





WILL PROVIDE BENEFITS TO MORE THAN 1.4 MILLION LOUISIANA

TAXPAYERS

REDUCING TAXES

• More than 1.4 million taxpayers in Louisiana will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• More than 315,000 business taxpayers in Louisiana can use their tax savings from thetwo Acts to invest in new equipment, hire additional workers, and increase pay.

05 and 2009.

of 0.


• More than 1.2 million taxpayers in Louisiana will benefit from the new 10-percent



• Nearly 250,000 taxpayers in Louisiana will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• Nearly 420,000 married couples in Louisiana will benefit from the JGTRRA accelerationto 2003 of the EGTRRA provisions that increase the standard deduction for joint filers todouble the amount for single filers and increase the width of the 15-percent bracket totwice the width for single filers. These two provisions were scheduled to phase inbetween 20


• More than 405,000 married couples and single parents in Louisiana benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 201


• More than 265,000 taxpayers in Louisiana will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




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W

EDUCING TAXES

• 490,000 taxpayers in Maine will have lower income tax bills in 2004 under EGTRRA

• 130,000 business taxpayers in Maine can use their tax savings from the two Acts to invest


• 445,000 taxpayers in Maine will benefit from the new 10-percent bracket enacted in


•

ILL PROVIDE BENEFITS TO MORE THAN 490,000 MAINE TAXPAYERS

R

and JGTRRA.

in new equipment, hire additional workers, and increase pay.

N

EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the bracket

scheduled for 2008.

R

More than 85,000 taxpayers in Maine will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 160,000 married couples in Maine will benefit from the JGTRRA



• More than 120,000 married couples and single parents in Maine benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• Nearly 100,000 taxpayers in Maine will benefit from the reduced tax rates on capitalgains and corporate dividends under JGTRRA.




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WI

erGTRRA.

and increase pay.

te

r 2008.

in

RA.

LL PROVIDE BENEFITS TO NEARLY 2.2 MILLION MARYLAND TAXPAYERS

REDUCING TAXES

• Nearly 2.2 million taxpayers in Maryland will have lower income tax bills in 2004 undEGTRRA and J

• More than 465,000 business taxpayers in Maryland can use their tax savings from thetwo Acts to invest in new equipment, hire additional workers,


• Nearly 2 million taxpayers in Maryland will benefit from the new 10-percent brackeenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of th



• More than 690,000 taxpayers in Maryland will benefit from the EGTRRA reductionincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 670,000 married couples in Maryland will benefit from the JGTRRA



• Nearly 540,000 married couples and single parents in Maryland benefit from the increasein the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of theincrease from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• More than 530,000 taxpayers in Maryland will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTR




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WILL PROVIDE BENEFITS TO MORE THAN 2.5 MILLION MASSACHUSETTS

TAXPAYERS

EDUCING TAXES

• payers in Massachusetts will have lower income tax bills in2004 under EGTRRA and JGTRRA.

• s fromthe two Acts to invest in new equipment, hire additional workers, and increase pay.


• ent

and the JGTRRA acceleration to 2003 of the expansions of the bracket scheduled for 2008.


• ction inJGTRRA acceleration to 2003 of the


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• ent


NC E

• theof

E

• it from the reduced tax rates on



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R


More than 615,000 business taxpayers in Massachusetts can use their tax saving

N

More than 2.3 million taxpayers in Massachusetts will benefit from the new 10-perc


R

Nearly 820,000 taxpayers in Massachusetts will benefit from the EGTRRA reduincome tax rates above 15-percent and the


More than 810,000 married couples in Massachusetts will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percbracket to twice the width for singphase in between 2005 and 2009.


More than 560,000 married couples and single parents in Massachusetts benefit fromincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


More than 650,000 taxpayers in Massachusetts will benef capital gains and corporate dividends under JGTRRA.



in





WILL PROVIDE BENEFITS TO MORE THAN 3.6 MILLION MICHIGAN

TAXPAYERS

REDUCING TAXES

• More than 3.6 million taxpayers in Michigan will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• Nearly 725,000 business taxpayers in Michigan can use their tax savings from the twoActs to invest in new equipment, hire additional workers, and increase pay.


• More than 3.3 million taxpayers in Michigan will benefit from the new 10-percent



• More than 915,000 taxpayers in Michigan will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 1.2 million married couples in Michigan will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percentbracket to twice the width for single filers. These two provisions were scheduled tophase in between 2005 and 2009.


• More than 930,000 married couples and single parents in Michigan benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• More than 820,000 taxpayers in Michigan will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




-30-




WI S

REDUCING TAXES

000 taxpayers in Mississippi will have lower income tax bills in 2004

• More than 175,000 business taxpayers in Mississippi can use their tax savings from the


• More than 740,000 taxpayers in Mississippi will benefit from the new 10-percentof


•

he


LL PROVIDE BENEFITS TO MORE THAN 885,000 MISSISSIPPI TAXPAYER

• More than 885,

under EGTRRA and JGTRRA.

two Acts to invest in new equipment, hire additional workers, and increase pay.

N

bracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions


R

125,000 taxpayers in Mississippi will benefit from the EGTRRA reduction in income taxrates above 15-percent and the JGTRRA acceleration to 2003 of the reductions scheduledfor 2004 and 2006.


• More than 250,000 married couples in Mississippi will benefit from the JGTRRA



• 260,000 married couples and single parents in Mississippi benefit from the increase in tchild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• 150,000 taxpayers in Mississippi will benefit from the reduced tax rates on capital gainsand corporate dividends under JGTRRA.




-30-





W

for 2004 and 2006.

f and 2010.

r JGTRRA.

ILL PROVIDE BENEFITS TO MORE THAN 2 MILLION MISSOURI TAXPAYERS

REDUCING TAXES

• More than 2 million taxpayers in Missouri will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• 440,000 business taxpayers in Missouri can use their tax savings from the two Acts toinvest in new equipment, hire additional workers, and increase pay.


• More than 1.8 million taxpayers in Missouri will benefit from the new 10-percentbracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of



• More than 405,000 taxpayers in Missouri will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled


• Nearly 670,000 married couples in Missouri will benefit from the JGTRRA acceleration



• More than 525,000 married couples and single parents in Missouri benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 othe increase from $600 to $1,000 that was scheduled to phase in between 2005

R


• More than 420,000 taxpayers in Missouri will benefit from the reduced tax rates oncapital gains and corporate dividends unde




-30-





WILL PROVIDE BENEFITS TO 325,000 MONTANA TAXPAYERS

REDUCING TAXES

• 325,000 taxpayers in Montana will have lower income tax bills in 2004 under EGTRRand JGTRRA.

A

crease pay.

ket

nt

d 2009.

• More than 100,000 business taxpayers in Montana can use their tax savings from thetwo Acts to invest in new equipment, hire additional workers, and in


• More than 285,000 taxpayers in Montana will benefit from the new 10-percent bracenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the



• More than 45,000 taxpayers in Montana will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 105,000 married couples in Montana will benefit from the JGTRRA



• 80,000 married couples and single parents in Montana benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• More than 60,000 taxpayers in Montana will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




-30-





WILL P YERS

and JGTRRA.

cheduled

f and 2010.

ROVIDE BENEFITS TO MORE THAN 640,000 NEBRASKA TAXPA

REDUCING TAXES

• More than 640,000 taxpayers in Nebraska will have lower income tax bills in 2004under EGTRRA

• Nearly 170,000 business taxpayers in Nebraska can use their tax savings from the twoActs to invest in new equipment, hire additional workers, and increase pay.


• More than 575,000 taxpayers in Nebraska will benefit from the new 10-percent bracketenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the



• 115,000 taxpayers in Nebraska will benefit from the EGTRRA reduction in income taxrates above 15-percent and the JGTRRA acceleration to 2003 of the reductions sfor 2004 and 2006.


• More than 215,000 married couples in Nebraska will benefit from the JGTRRA



• More than 160,000 married couples and single parents in Nebraska benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 othe increase from $600 to $1,000 that was scheduled to phase in between 2005

R


• More than 130,000 taxpayers in Nebraska will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




-30-





WILL PROVIDE BENEFITS TO 845,000 NEVADA TAXPAYERS

REDUCING TAXES

• 845,000 taxpayers in Nevada will have lower income tax bills in 2004 under EGTRRand JGTRRA.

A

o

nd 2006.

• More than 160,000 business taxpayers in Nevada can use their tax savings from the twActs to invest in new equipment, hire additional workers, and increase pay.


• More than 760,000 taxpayers in Nevada will benefit from the new 10-percent bracketenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the



• Nearly 190,000 taxpayers in Nevada will benefit from the EGTRRA reduction in incometax rates above 15-percent and the JGTRRA acceleration to 2003 of the reductionsscheduled for 2004 a


• More than 245,000 married couples in Nevada will benefit from the JGTRRA



• More than 210,000 married couples and single parents in Nevada benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• More than 175,000 taxpayers in Nevada will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




-30-





WIL IRE

TAXPAYERS

EDUCING TAXES

• ,000 taxpayers in New Hampshire will have lower income tax bills in2004 under EGTRRA and JGTRRA.

• ngs from thetwo Acts to invest in new equipment, hire additional workers, and increase pay.


• t

and the JGTRRA acceleration to 2003 of the expansions of the bracket scheduled for 2008.


• tionercent and the JGTRRA acceleration to 2003 of the


E C

• ent


NC E

•

RE

OURCE: Counts are for the number of returns filed in 2003 that would have benefited from the package. These

estimates are based on tabulations from all individual i tax returns processed by the Internal Revenue Service


-30-

L PROVIDE BENEFITS TO MORE THAN 525,000 NEW HAMPSH

R

More than 525

Nearly 125,000 business taxpayers in New Hampshire can use their tax savi

N

More than 480,000 taxpayers in New Hampshire will benefit from the new 10-percen


R

Nearly 140,000 taxpayers in New Hampshire will benefit from the EGTRRA reducin income tax rates above 15-p


More than 180,000 married couples in New Hampshire will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percbracket to twice the width for singphase in between 2005 and 2009.


More than 125,000 married couples and single parents in New Hampshire benefit fromthe increase in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and

2010.

DUCED TAX RATES ON CAPITAL GAINS AND CORPORATE DIVIDENDS

• 125,000 taxpayers in New Hampshire will benefit from the reduced tax rates on capitalgains and corporate dividends under JGTRRA.

Sncome





WILL ERS

EDUCING TAXES

• Nearly 3.4 million taxpayers in New Jersey will have lower income tax bills in 2004

• More than 715,000 business taxpayers in New Jersey can use their tax savings from the


• More than 3 million taxpayers in New Jersey will benefit from the new 10-percent


•

EDU AX RATES ON CAPITAL GAINS AND CORPORATE DIVIDENDS

s on

OURC ld have benefited from the package. These

stimates are based on tabulations from all individual income tax returns processed by the Internal Revenue Service

PROVIDE BENEFITS TO NEARLY 3.4 MILLION NEW JERSEY TAXPAY

R



N

bracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of


R

1.1 million taxpayers in New Jersey will benefit from the EGTRRA reduction in incometax rates above 15-percent and the JGTRRA acceleration to 2003 of the reductionsscheduled for 2004 and 2006.


• More than 1 million married couples in New Jersey will benefit from the JGTRRA



• More than 800,000 married couples and single parents in New Jersey benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

CED TR

• More than 870,000 taxpayers in New Jersey will benefit from the reduced tax ratecapital gains and corporate dividends under JGTRRA.

E: Counts are for the number of returns filed in 2003 that wouSe


-30-





WILL PROVIDE BENEFITS TO 620,000 NEW MEXICO TAXPAYERS

REDUCING TAXES

• 620,000 taxpayers in New Mexico will have lower income tax bills in 2004 underEGTRRA and JGTRRA.

• Nearly 140,000 business taxpayers in New Mexico can use their tax savings from thetwo Acts to invest in new equipment, hire additional workers, and increase pay.


• 540,000 taxpayers in New Mexico will benefit from the new 10-percent bracket enacin EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the bracket

scheduled for 2008.

ted

and 2006.

s


• More than 110,000 taxpayers in New Mexico will benefit from the EGTRRA reductionin income tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004


• 185,000 married couples in New Mexico will benefit from the JGTRRA acceleration to



• More than 160,000 married couples and single parents in New Mexico benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• 118,000 taxpayers in New Mexico will benefit from the reduced tax rates on capital gainand corporate dividends under JGTRRA.




-30-





WILL ERS

nder

y.

of

for 2008.

nt

d 2009.

r JGTRRA.

PROVIDE BENEFITS TO NEARLY 7 MILLION NEW YORK TAXPAY

REDUCING TAXES

• Nearly 7 million taxpayers in New York will have lower income tax bills in 2004 uEGTRRA and JGTRRA.

• More than 1.5 million business taxpayers in New York can use their tax savings fromthe two Acts to invest in new equipment, hire additional workers, and increase pa


• More than 6.1 million taxpayers in New York will benefit from the new 10-percentbracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions

the bracket scheduled


• More than 1.9 million taxpayers in New York will benefit from the EGTRRA reductionin income tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 1.9 million married couples in New York will benefit from the JGTRRA



• More than 1.6 million married couples and single parents in New York benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• More than 1.5 million taxpayers in New York will benefit from the reduced tax rates oncapital gains and corporate dividends unde




-30-





WILL PROVIDE BENEFITS TO MORE THAN 2.9 MILLION NORTH CAROLINA

TAXPAYERS

EDUCING TAXES

• payers in North Carolina will have lower income tax bills in2004 under EGTRRA and JGTRRA.

• omthe two Acts to invest in new equipment, hire additional workers, and increase pay.





• rcent and the JGTRRA acceleration to 2003 of

the reductions scheduled for 2004 and 2006.

ED C


C E

•

E

• nefit from the reduced tax rates



-30-

R


More than 665,000 business taxpayers in North Carolina can use their tax savings fr

N

More than 2.5 million taxpayers in North Carolina will benefit from the new 10-percent


R

More than 575,000 taxpayers in North Carolina will benefit from the EGTRRAreduction in income tax rates above 15-pe


940,000 married couples in North Carolina will benefit from the JGTRRA acceleration to2003 of the EGTRRA provisions that increase the standard deduction for joint filers todouble the amount for single filers and increase the width of the 15-percent bracket totwice the width for single filers. Tbetween 2005 and 2009.


Nearly 800,000 married couples and single parents in North Carolina benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


More than 590,000 taxpayers in North Carolina will beon capital gains and corporate dividends under JGTRRA.



in





WILL PROVIDE BENEFITS TO MORE THAN 235,000 NORTH DAKOTA

TAXPAYERS

REDUCING TAXES

• More than 235,000 taxpayers in North Dakota will have lower income tax bills in 2004under EGTRRA and JGTRRA.

nt

d 2009.

• More than 70,000 business taxpayers in North Dakota can use their tax savings from thetwo Acts to invest in new equipment, hire additional workers, and increase pay.


• More than 210,000 taxpayers in North Dakota will benefit from the new 10-percent



• 35,000 taxpayers in North Dakota will benefit from the EGTRRA reduction in incometax rates above 15-percent and the JGTRRA acceleration to 2003 of the reductionsscheduled for 2004 and 2006.


• Nearly 80,000 married couples in North Dakota will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percebracket to twice the width for single filers. These two provisions were scheduled tophase in between 2005 an


• Nearly 60,000 married couples and single parents in North Dakota benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• More than 45,000 taxpayers in North Dakota will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




-30-





WIL RS

EDUCING TAXES

• More than 4.4 million taxpayers in Ohio will have lower income tax bills in 2004 under

• Nearly 860,000 business taxpayers in Ohio can use their tax savings from the two Acts to


• More than 4 million taxpayers in Ohio will benefit from the new 10-percent bracket


• e

L PROVIDE BENEFITS TO MORE THAN 4.4 MILLION OHIO TAXPAYE

R

EGTRRA and JGTRRA.

invest in new equipment, hire additional workers, and increase pay.

N



R

Nearly 1 million taxpayers in Ohio will benefit from the EGTRRA reduction in incomtax rates above 15-percent and the JGTRRA acceleration to 2003 of the reductionsscheduled for 2004 and 2006.


• More than 1.2 million married couples in Ohio will benefit from the JGTRRA



• 1 million married couples and single parents in Ohio benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• More than 920,000 taxpayers in Ohio will benefit from the reduced tax rates on capitalgains and corporate dividends under JGTRRA.




-30-





WILL PROVIDE BENEFITS TO MORE THAN 1.1 MILLION OKLAHOMA

TAXPAYERS

EDUCING TAXES

• payers in Oklahoma will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• x savings from thetwo Acts to invest in new equipment, hire additional workers, and increase pay.


• t

JGTRRA acceleration to 2003 of the expansions of thebracket scheduled for 2008.


• taxJGTRRA acceleration to 2003 of the reductions scheduled

for 2004 and 2006.

ED C


C E

• to 2003 of

E

• the reduced tax rates on capital gains



-30-

R


More than 290,000 business taxpayers in Oklahoma can use their ta

N

Nearly 1 million taxpayers in Oklahoma will benefit from the new 10-percent bracke

enacted in EGTRRA and the

R

185,000 taxpayers in Oklahoma will benefit from the EGTRRA reduction in incomerates above 15-percent and the


385,000 married couples in Oklahoma will benefit from the JGTRRA acceleration to2003 of the EGTRRA provisions that increase the standard deduction for joint filers todouble the amount for single filers and increase the width of the 15-percent bracket totwice the width for single filers. Tbetween 2005 and 2009.


More than 305,000 married couples and single parents in Oklahoma benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA accelerationthe increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


220,000 taxpayers in Oklahoma will benefit fromand corporate dividends under JGTRRA.



in





WILL PROVIDE BENEFITS TO 1.3 MILLION OREGON TAXPAYERS

EDUCING TAXES

• 1.3 million taxpayers in Oregon will have lower income tax bills in 2004 under

• 322,000 business taxpayers in Oregon can use their tax savings from the two Acts to


• More than 1.1 million taxpayers in Oregon will benefit from the new 10-percent bracket


•

rt

R

EGTRRA and JGTRRA.

invest in new equipment, hire additional workers, and increase pay.

N



R

More than 270,000 taxpayers in Oregon will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 420,000 married couples in Oregon will benefit from the JGTRRA

acceleration to 2003 of the EGTRRA provisions that increase the standard deduction fo joint filers to double the amount for single filers and increase the width of the 15-percenbracket to twice the width for single filers. These two provisions were scheduled tophase in between 2005 and 2009.


• More than 315,000 married couples and single parents in Oregon benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• More than 270,000 taxpayers in Oregon will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




-30-





WIL IA

TAXPAYERS

EDUCING TAXES ls inJGTRRA.

d increase pay.

of

8.

ione

E

• efit from the reduced tax rates on



-30-

L PROVIDE BENEFITS TO MORE THAN 4.6 MILLION PENNSYLVAN

R• More than 4.6 million taxpayers in Pennsylvania will have lower income tax bil

2004 under EGTRRA and

• More than 910,000 business taxpayers in Pennsylvania can use their tax savings fromthe two Acts to invest in new equipment, hire additional workers, an


• Nearly 4.2 million taxpayers in Pennsylvania will benefit from the new 10-percentbracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions



• More than 1 million taxpayers in Pennsylvania will benefit from the EGTRRA reductin income tax rates above 15-percent and the JGTRRA acceleration to 2003 of threductions scheduled for 2004 and 2006.


• 1.5 million married couples in Pennsylvania will benefit from the JGTRRA acceleration



• More than 1.1 million married couples and single parents in Pennsylvania benefit fromthe increase in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and2010.


More than 1 million taxpayers in Pennsylvania will bencapital gains and corporate dividends under JGTRRA.



in





WIL RS

EDUCING TAXES

4

e

nt

d 2009.

L PROVIDE BENEFITS TO MORE THAN 410,000 RHODE ISLAND TAXPAYE

R

• More than 410,000 taxpayers in Rhode Island will have lower income tax bills in 200


• More than 90,000 business taxpayers in Rhode Island can use their tax savings from thtwo Acts to invest in new equipment, hire additional workers, and increase pay.


• More than 370,000 taxpayers in Rhode Island will benefit from the new 10-percentbracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of



• More than 100,000 taxpayers in Rhode Island will benefit from the EGTRRA reductionin income tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 125,000 married couples in Rhode Island will benefit from the JGTRRA



• 95,000 married couples and single parents in Rhode Island benefit from the increase inthe child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• More than 90,000 taxpayers in Rhode Island will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




-30-





WILL PROVIDE BENEFITS TO MORE THAN 1.4 MILLION SOUTH CAROLINA

TAXPAYERS

EDUCING TAXES

• s in South Carolina will have lower income tax bills in2004 under EGTRRA and JGTRRA.

• s fromthe two Acts to invest in new equipment, hire additional workers, and increase pay.





• rcent and the JGTRRA acceleration to 2003 of

the reductions scheduled for 2004 and 2006.

ED C

• ent


NC E

• to 2003 of

E

• e reduced tax rates on capital



-30-

R

More than 1.4 million taxpayer

More than 290,000 business taxpayers in South Carolina can use their tax saving

N

More than 1.2 million taxpayers in South Carolina will benefit from the new 10-percent


R

More than 250,000 taxpayers in South Carolina will benefit from the EGTRRAreduction in income tax rates above 15-pe


More than 425,000 married couples in South Carolina will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percbracket to twice the width for singphase in between 2005 and 2009.


Nearly 390,000 married couples and single parents in South Carolina benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA accelerationthe increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


270,000 taxpayers in South Carolina will benefit from thgains and corporate dividends under JGTRRA.



in





WILL PROVIDE BENEFITS TO MORE THAN 275,000 SOUTH DAKOTA

TAXPAYERS

REDUCING TAXES

• More than 275,000 taxpayers in South Dakota will have lower income tax bills in 2004under EGTRRA and JGTRRA.

RA.

• 84,000 business taxpayers in South Dakota can use their tax savings from the two Acts toinvest in new equipment, hire additional workers, and increase pay.


• More than 245,000 taxpayers in South Dakota will benefit from the new 10-percent



• 40,000 taxpayers in South Dakota will benefit from the EGTRRA reduction in incometax rates above 15-percent and the JGTRRA acceleration to 2003 of the reductionsscheduled for 2004 and 2006.


• More than 90,000 married couples in South Dakota will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percentbracket to twice the width for single filers. These two provisions were scheduled tophase in between 2005 and 2009.


• 70,000 married couples and single parents in South Dakota benefit from the increase inthe child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• More than 50,000 taxpayers in South Dakota will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTR




-30-





WILL PROVIDE BENEFITS TO MORE THAN 2 MILLION TENNESSEE

TAXPAYERS

REDUCING TAXES

• More than 2 million taxpayers in Tennessee will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• More than 440,000 business taxpayers in Tennessee can use their tax savings from thetwo Acts to invest in new equipment, hire additional workers, and increase pay.

and 2006.

and 2010.


• More than 1.7 million taxpayers in Tennessee will benefit from the new 10-percent



• Nearly 360,000 taxpayers in Tennessee will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004


• More than 645,000 married couples in Tennessee will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percentbracket to twice the width for single filers. These two provisions were scheduled tophase in between 2005 and 2009.


• More than 545,000 married couples and single parents in Tennessee benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005


• More than 395,000 taxpayers in Tennessee will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




-30-





WIL RS

EDUCING TAXES

• More than 7.3 million taxpayers in Texas will have lower income tax bills in 2004 under

• More than 1.6 million business taxpayers in Texas can use their tax savings from the


• More than 6.3 million taxpayers in Texas will benefit from the new 10-percent bracket


•

nd

L PROVIDE BENEFITS TO MORE THAN 7.3 MILLION TEXAS TAXPAYE

R

EGTRRA and JGTRRA.


N



R

More than 1.5 million taxpayers in Texas will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• 2.3 million married couples in Texas will benefit from the JGTRRA acceleration to 2003



• More than 1.9 million married couples and single parents in Texas benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


• 1.5 million taxpayers in Texas will benefit from the reduced tax rates on capital gains acorporate dividends under JGTRRA.




-30-





WILL PROVIDE BENEFITS TO MORE THAN 770,000 UTAH TAXPAYERS

REDUCING TAXES

• More than 770,000 taxpayers in Utah will have lower income tax bills in 2004 underEGTRRA and JGTRRA.

• More than 195,000 business taxpayers in Utah can use their tax savings from the twoActs to invest in new equipment, hire additional workers, and increase pay.


• More than 690,000 taxpayers in Utah will benefit from the new 10-percent bracketenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the



• Nearly 140,000 taxpayers in Utah will benefit from the EGTRRA reduction in incometax rates above 15-percent and the JGTRRA acceleration to 2003 of the reductionscheduled for 2004 and 2006.

s

TRRA.


• 285,000 married couples in Utah will benefit from the JGTRRA acceleration to 2003 of

the EGTRRA provisions that increase the standard deduction for joint filers to double theamount for single filers and increase the width of the 15-percent bracket to twice thewidth for single filers. These two provisions were scheduled to phase in between 2005and 2009.


• 210,000 married couples and single parents in Utah benefit from the increase in the childtax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from$600 to $1,000 that was scheduled to phase in between 2005 and 2010.

R


• More than 160,000 taxpayers in Utah will benefit from the reduced tax rates on capitalgains and corporate dividends under JG




-30-





W S

er

ket

and 2006.

t

tween 2005 and 2009.

f 2005 and 2010.

RA.

ILL PROVIDE BENEFITS TO MORE THAN 240,000 VERMONT TAXPAYER

REDUCING TAXES

• More than 240,000 taxpayers in Vermont will have lower income tax bills in 2004 undEGTRRA and JGTRRA.

• 70,000 business taxpayers in Vermont can use their tax savings from the two Acts toinvest in new equipment, hire additional workers, and increase pay.


• More than 220,000 taxpayers in Vermont will benefit from the new 10-percent bracenacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of the



• More than 45,000 taxpayers in Vermont will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004


• More than 75,000 married couples in Vermont will benefit from the JGTRRA

acceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percenbracket to twice the width for single filers. These two provisions were scheduled tophase in be


• More than 55,000 married couples and single parents in Vermont benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 othe increase from $600 to $1,000 that was scheduled to phase in between

R


• More than 50,000 taxpayers in Vermont will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTR




-30-





W S

RA.

twoe pay.

of

8.

ILL PROVIDE BENEFITS TO MORE THAN 2.8 MILLION VIRGINIA TAXPAYER

REDUCING TAXES

• More than 2.8 million taxpayers in Virginia will have lower income tax bills in 2004under EGTRRA and JGTR

• More than 580,000 business taxpayers in Virginia can use their tax savings from theActs to invest in new equipment, hire additional workers, and increas


• More than 2.5 million taxpayers in Virginia will benefit from the new 10-percentbracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions



• More than 785,000 taxpayers in Virginia will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• Nearly 940,000 married couples in Virginia will benefit from the JGTRRA acceleration



• More than 685,000 married couples and single parents in Virginia benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

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• More than 670,000 taxpayers in Virginia will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO 2.3 MILLION WASHINGTON TAXPAYERS

REDUCING TAXES

• 2.3 million taxpayers in Washington will have lower income tax bills in 2004 underEGTRRA and JGTRRA.

• Nearly 525,000 business taxpayers in Washington can use their tax savings from the twoActs to invest in new equipment, hire additional workers, and increase pay.


• More than 2.1 million taxpayers in Washington will benefit from the new 10-percebracket enacted in EGTRRA and the JGTRRA acceleration to 2003 of the expansions of


nt

axcheduled

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d 2009.


• 600,000 taxpayers in Washington will benefit from the EGTRRA reduction in income trates above 15-percent and the JGTRRA acceleration to 2003 of the reductions sfor 2004 and 2006.


• More than 780,000 married couples in Washington will benefit from the JGTRRA



• More than 570,000 married couples and single parents in Washington benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

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• Nearly 535,000 taxpayers in Washington will benefit from the reduced tax rates oncapital gains and corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO MORE THAN 2.1 MILLION WISCONSIN

TAXPAYERS

EDUCING TAXES

• payers in Wisconsin will have lower income tax bills in 2004under EGTRRA and JGTRRA.

• wo Acts toinvest in new equipment, hire additional workers, and increase pay.





• ve 15-percent and the JGTRRA acceleration to 2003 of the


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• the reduced tax rates on capital



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446,000 business taxpayers in Wisconsin can use their tax savings from the t

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More than 1.9 million taxpayers in Wisconsin will benefit from the new 10-percent


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Nearly 460,000 taxpayers in Wisconsin will benefit from the EGTRRA reduction inincome tax rates abo


More than 710,000 married couples in Wisconsin will benefit from the JGTRRAacceleration to 2003 of the EGTRRA provisions that increase the standard deduction for joint filers to double the amount for single filers and increase the width of the 15-percbracket to twice the width for singphase in between 2005 and 2009.


525,000 married couples and single parents in Wisconsin benefit from the increase in thechild tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increasefrom $600 to $1,000 that was scheduled to phase in between 2005 and 2010.


Nearly 460,000 taxpayers in Wisconsin will benefit fromgains and corporate dividends under JGTRRA.



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EDUCING TAXES

• Nearly 580,000 taxpayers in West Virginia will have lower income tax bills in 2004

• 110,000 business taxpayers in West Virginia can use their tax savings from the two Acts


• Nearly 510,000 taxpayers in West Virginia will benefit from the new 10-percent bracket


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L PROVIDE BENEFITS TO NEARLY 580,000 WEST VIRGINIA TAXPAYE

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to invest in new equipment, hire additional workers, and increase pay.

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More than 85,000 taxpayers in West Virginia will benefit from the EGTRRA reductionin income tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• More than 200,000 married couples in West Virginia will benefit from the JGTRRA



• More than 150,000 married couples and single parents in West Virginia benefit from theincrease in the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of the increase from $600 to $1,000 that was scheduled to phase in between 2005 and 201


• 110,000 taxpayers in West Virginia will benefit from the reduced tax rates on capitalgains and corporate dividends under JGTRRA.




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WILL PROVIDE BENEFITS TO NEARLY 190,000 WYOMING TAXPAYERS

REDUCING TAXES

• Nearly 190,000 taxpayers in Wyoming will have lower income tax bills in 2004 undeEGTRRA and JGTRRA.

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ay.

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• More than 50,000 business in Wyoming taxpayers can use their tax savings from the twoActs to invest in new equipment, hire additional workers, and increase p


• 170,000 taxpayers in Wyoming will benefit from the new 10-percent bracket enacted inEGTRRA and the JGTRRA acceleration to 2003 of the expansions of the bracket

scheduled for 2008.


• More than 35,000 taxpayers in Wyoming will benefit from the EGTRRA reduction inincome tax rates above 15-percent and the JGTRRA acceleration to 2003 of thereductions scheduled for 2004 and 2006.


• 65,000 married couples in Wyoming will benefit from the JGTRRA acceleration to 2003



• Nearly 50,000 married couples and single parents in Wyoming benefit from the increasein the child tax credit under EGTRRA and the JGTRRA acceleration to 2003 of theincrease from $600 to $1,000 that was scheduled to phase in between 2005 and 2010.

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• 40,000 taxpayers in Wyoming will benefit from the reduced tax rates on capital gainscorporate dividends under JGTRRA.

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