March 7, 2008
Income Taxes: Clinton vs. Bush
| Individual Income Taxes Under Presidents Clinton and Bush, 1999 Law and 2008 Law | ||
| For taxpayers who take the standard deduction and have no children | ||
| Taxpayer | Tax under Clinton, 1999 tax law | Tax under Bush, 2008 tax law |
| 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 |
| 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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