Bush Tax Cuts
           EFFECT OF BUSH TAX PLAN ON 2001 TAXABLE INCOMES

                 Marginal Rate    Upper   Upper         Effective Rate
  Lower   Upper --------------- Current    Bush Percent ---------------
  Limit   Limit Current    Bush     Tax     Tax     Cut Current    Bush
------- ------- ------- ------- ------- ------- ------- ---------------
SINGLE
      0    6000      15      10     900     600    33.3    15.0    10.0
   6000   27050      15      15    4058    3758     7.4    15.0    13.9
  27050   65550      28      25   14838   13383     9.8    22.6    20.4
  65550  136750      31      25   36910   31183    15.5    27.0    22.8
 136750  297350      36      33   94726   84181    11.1    31.9    28.3
 297350       ^    39.6      33  372975  316055    15.3    37.3    31.6

HEAD OF HOUSEHOLD
      0   10000      15      10    1500    1000    33.3    15.0    10.0
  10000   36250      15      15    5438    4938     9.2    15.0    13.6
  36250   93650      28      25   21510   19288    10.3    23.0    20.6
  93650  151650      31      25   39490   33788    14.4    26.0    22.3
 151650  297350      36      33   91942   81869    11.0    30.9    27.5
 297350       ^    39.6      33  370191  313743    15.2    37.0    31.4

MARRIED-JOINT FILING
      0   12000      15      10    1800    1200    33.3    15.0    10.0
  12000   45200      15      15    6780    6180     8.8    15.0    13.7
  45200  109250      28      25   24714   22193    10.2    22.6    20.3
 109250  166500      31      25   42462   36505    14.0    25.5    21.9
 166500  297350      36      33   89568   79686    11.0    30.1    26.8
 297350       ^    39.6      33  367817  311560    15.3    36.8    31.2

^ No upper limit.  $1,000,000 is assumed for upper tax calculations
  (tax calculations are on taxable income equal to the upper limit).

===============================================================================
             PERCENT REDUCTION IN INCOME TAXES VIA BUSH TAX PLAN*

                SINGLE             HEAD OF HOUSEHOLD     MARRIED-JOINT FILING
        ----------------------- ----------------------- -----------------------
Taxable Current    Bush Percent Current    Bush Percent Current    Bush Percent
 Income     Tax     Tax     Cut     Tax     Tax     Cut     Tax     Tax     Cut
------- ----------------------- ----------------------- -----------------------
   3000     450     300    33.3     450     300    33.3     450     300    33.3
   6000     900     600    33.3     900     600    33.3     900     600    33.3
  10000    1500    1200    20.0    1500    1000    33.3    1500    1000    33.3
  12000    1800    1500    16.7    1800    1300    27.8    1800    1200    33.3
  15000    2250    1950    13.3    2250    1750    22.2    2250    1650    26.7
  20000    3000    2700    10.0    3000    2500    16.7    3000    2400    20.0
  25000    3750    3450     8.0    3750    3250    13.3    3750    3150    16.0
  27050    4058    3758     7.4    4058    3558    12.3    4058    3458    14.8
  30000    4884    4495     8.0    4500    4000    11.1    4500    3900    13.3
  36250    6634    6058     8.7    5438    4938     9.2    5438    4838    11.0
  40000    7684    6995     9.0    6488    5875     9.4    6000    5400    10.0
  45200    9140    8295     9.2    7944    7175     9.7    6780    6180     8.8
  50000   10484    9495     9.4    9288    8375     9.8    8124    7380     9.2
  60000   13284   11995     9.7   12088   10875    10.0   10924    9880     9.6
  65550   14838   13383     9.8   13642   12263    10.1   12478   11268     9.7
  70000   16217   14495    10.6   14888   13375    10.2   13724   12380     9.8
  80000   19317   16995    12.0   17688   15875    10.2   16524   14880     9.9
  90000   22417   19495    13.0   20488   18375    10.3   19324   17380    10.1
  93650   23549   20408    13.3   21510   19288    10.3   20346   18293    10.1
 100000   25517   21995    13.8   23478   20875    11.1   22124   19880    10.1
 109250   28385   24308    14.4   26346   23188    12.0   24714   22193    10.2
 120000   31717   26995    14.9   29678   25875    12.8   28047   24880    11.3
 136750   36910   31183    15.5   34871   30063    13.8   33239   29068    12.6
 140000   38080   32255    15.3   35878   30875    13.9   34247   29880    12.8
 151650   42274   36100    14.6   39490   33788    14.4   37858   32793    13.4
 160000   45280   38855    14.2   42496   36543    14.0   40447   34880    13.8
 166500   47620   41000    13.9   44836   38688    13.7   42462   36505    14.0
 180000   52480   45455    13.4   49696   43143    13.2   47322   40960    13.4
 200000   59680   52055    12.8   56896   49743    12.6   54522   47560    12.8
 220000   66880   58655    12.3   64096   56343    12.1   61722   54160    12.3
 240000   74080   65255    11.9   71296   62943    11.7   68922   60760    11.8
 260000   81280   71855    11.6   78496   69543    11.4   76122   67360    11.5
 280000   88480   78455    11.3   85696   76143    11.1   83322   73960    11.2
 297350   94726   84181    11.1   91942   81869    11.0   89568   79686    11.0
 300000   95775   85055    11.2   92991   82743    11.0   90617   80560    11.1
 320000  103695   91655    11.6  100911   89343    11.5   98537   87160    11.5
 340000  111615   98255    12.0  108831   95943    11.8  106457   93760    11.9
 360000  119535  104855    12.3  116751  102543    12.2  114377  100360    12.3
 380000  127455  111455    12.6  124671  109143    12.5  122297  106960    12.5
 400000  135375  118055    12.8  132591  115743    12.7  130217  113560    12.8
 600000  214575  184055    14.2  211791  181743    14.2  209417  179560    14.3
 800000  293775  250055    14.9  290991  247743    14.9  288617  245560    14.9
1000000  372975  316055    15.3  370191  313743    15.2  367817  311560    15.3
2000000  768975  646055    16.0  766191  643743    16.0  763817  641560    16.0

* Percent reduction is for rates only. It does not include doubling of child
  tax credit, reduction of marriage penalty, or elimination of estate tax.
Note: Taxable income is income less deductions and personal exemptions;
      Rate schedule assumes tax plan is fully phased in.
Source: The President's Agenda For Tax Relief (online at
        http://www.whitehouse.gov/news/reports/taxplan.html )

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