1、1 For more information on the structural components of the federal income tax and indexation seeCRS Report RL30007, Individual Income Tax Rates: 2003, by Gregg A. Esenwein. July 2003.2 The child and dependent care tax credit might also influence a households federal income taxthreshold but it is not
2、 addressed in this report because it is not widely used by households at thelowest end of the income spectrum.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20048Updated August 27, 2003Federal Individual Income Tax Thresholds for
3、 2003Gregg A. EsenweinSpecialist in Public FinanceGovernment and Finance DivisionSummaryOne commonly accepted principal of tax fairness reflected in the U.S. tax code isthat families at the low end of the income spectrum, especially those near the povertythreshold, should not be subject to the feder
4、al income tax. Since the major componentsof the federal income tax that govern these tax thresholds are indexed for inflation,nominal dollar federal individual income tax thresholds change every year.1 This reportpresents the tax thresholds for various families for tax year 2003. This report is upda
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