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Technical Explanation of the "Economic Security and Worker Assistance Act of 2001"

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Technical Explanation of the "Economic Security and Worker Assistance Act of 2001"

by United States Congress Joint

About this title: OCLC Number: 55845471 Excerpt: ... II. INDIVIDUAL PROVISIONS A. Accelerate the 25-Percent Rate Bracket to 2002 ( sec. 102 of the bill and sec. 1 of the Code ) Present Law The Economic Growth and Tax Relief Reconciliation Act of 2001 ( " EGTRRA " ) reduced the prior-law 28-percent individual regular income tax rate to 25 percent. This rate reduction is phased-in over six years. The rate is 27 percent for taxable years beginning in calendar years 4 2001-2003, 26 percent for taxable years beginning in calendar years 2004-2005, ... read more

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