Description of Proposals Relating to Middle Income Tax Relief And Economic Growth : Scheduled a Hearing Before the Senate Committee On Finance On November 26, 1991 Jcx-31-91

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However, taxpayers with dependent children are generally able to claim a personal exemption for these dependents. The total amount of personal exemptions is subtracted (along with certain other items) from adjusted gross income in arriving at taxable income.
The amount of the personal exemption is $2150 for 1991, and is adjusted for inflation.
In additi refundable ear percent (17.3 qualifying chi 1991. The max ($1,235 for ta this maximum i taxpayers with (or adjusted g The EITC is no adjusted g
...ross income consist compensation.
on, eligible ned income t percent for Id) of the f imum amount xpayers with s reduced by more than 1 ross income, t available income, if s of wages, and net self low-income workers may claim a ax credit (EITC) of up to 16.7 taxpayers with more than 1 irst $7,140 of earned income for of credit for 1991 is $1,192 more than 1 qualifying child), and 11.93 percent (12.36 percent for qualifying child) of earned income if greater) in excess of $11,250.
to workers with earned income (or greater) over $21,245.


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