[20010620]RS20926_2001年“退税”：关于税率减免税收抵免的常见问题.pdf

Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20926Updated June 20, 2001“Tax Rebate” for 2001: Frequently Asked Questions About The Rate Reduction Tax CreditLouis Alan TalleySpecialist in TaxationGovernment and Finance DivisionSummaryThe Economic Growth and Tax Relief Reconciliation Act of 2001, P.L. 107-16,includes changes in individual income tax rates. Under the legislation, a new 10% ratebracket is established that is retroactive to January 1, 2001. Technically, the benefit ofthe reduced rate for 2001 is delivered in the form of a tax credit equal to 5% of thetaxpayers 2001 taxable income, up to the top of the new 10% tax bracket range fortaxable income. The range applies from the first dollar of taxable income to $6,000 forsingle individuals, $10,000 for heads-of-households, and $12,000 for married coupleswho file joint income tax returns. This means that those taxpayers who have taxableincome equal to or exceeding the 10% bracket will receive a maximum credit of $300 inthe case of single individuals, $500 for heads-of-households, and $600 for marriedtaxpayers filing jointly. The legislation directs the Tr