Family Income and Income Taxes During the Economic Recovery

Executive Summary This report examines the federal tax burden for middle-income married-couple families with two children, and reaches the following conclusions: Median income after taxes for married-couple families with two children reached a record high of $57,330 in 2003, an increase of $1,233 (or 2.2 percent) from the 2000 level. The income tax relief passed in 2001 and 2003 buoyed income after federal taxes for such families by a combined…