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Another 2.6 million families would get tax reductions or large tax rebates even though their marginal tax rates would not be affected. the current federal income tax system does not tax the earnings of low income working families with children, but this is only true for very low income families, the lowest five percent in fact...
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the current federal income tax system does not tax the earnings of low income working families with children, but this is only true for very low income families, the lowest five percent in fact. Bush's plan would increase this to about the lowest eight or nine percent. Bush states that his plan would encourage hard work in the average American household because the more overtime a person works the more their taxes are cut on that extra pay...
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