Income Tax Savings For Middle-Income Families

Executive Summary Tax legislation enacted since 2001 has provided families with a broad array of tax relief. Over the four-year period 2001 to 2004, the effect of just three of these provisions is tax savings of $5,480 for a typical family of four making $36,400 or more and claiming the standard deduction. Families all along the income spectrum face the prospect of considerably higher tax burdens unless action is taken…