Examples of 2001 Rebates by Different Family Types
Examples	Married, 2 kids			Single parent, 2 kids			Single parent, 1 kid
Total income	< $28,415	$30,415	> $32,415	< $25,035	$26,545	> $28,050	< $19,385	$20,890	> $22,395
Standard deduction	7,350	7,350	7,350	6,450	6,450	6,450	6,450	6,450	6,450
Personal exemptions	11,200	11,200	11,200	8,400	8,400	8,400	5,600	5,600	5,600
Taxable income	9,865	11,865	13,865	10,185	11,695	13,200	7,335	8,840	10,345
Tax before credits	1,480	1,780	2,080	1,528	1,754	1,980	1,100	1,326	1,552
$500/kid credit	1,000	1,000	1,000	1,000	1,000	1,000	500	500	500
Child-care credit	480	480	480	528	504	480	600	576	552
Maximum rebate, lesser of:
Income tax after credits	—	300	600	—	250	500	—	250	500
5% of taxable up to limit	493	593	600	500	500	500	367	442	500
Rebate	$ —	$ 300	$ 600	$ —	$ 250	$ 500	$ —	$ 250	$ 500
Notes	none	half	full	none	half	full	none	half	full
Examples	Single, no kids			Married, no kids			Married, elderly
Total income	< $7,200	$10,200	> $13,200	< $12,950	$18,950	> $24,950	< $29,650	$35,650	> $41,650
Untaxed Social Security	—	—	—	—	—	—	15,000	15,000	15,000
Standard deduction	4,400	4,400	4,400	7,350	7,350	7,350	9,050	9,050	9,050
Personal exemptions	2,800	2,800	2,800	5,600	5,600	5,600	5,600	5,600	5,600
Taxable income	—	3,000	6,000	—	6,000	12,000	—	6,000	12,000
Maximum rebate, lesser of:
Income tax after credits	—	450	900	—	900	1,800	—	900	1,800
5% of taxable up to limit	—	150	300	—	300	600	—	300	600
Rebate	$ —	$ 150	$ 300	$ —	$ 300	$ 600	$ —	$ 300	$ 600
Notes	none	half	full	none	half	full	none	half	full
Note: Figures for families with children assume total child-care expenses of $2,400. Citizens for Tax Justice, June 6, 2001

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