PERSONAL INCOME TAX PROPOSAL

Sample Income Tax Payments By Selected Income Levels

Joint Filers

2/16/2011 4/20/2011 4/20/2011 4/20/2011

CT Adjusted 2010 Proposed Proposed Change Change
Gross Income Year 2011 2011 Relative Relative
Income Tax Due Tax Due Tax Due To 2010 To February
$        10,000 * $                    ‐ $               ‐ $                  ‐ $               ‐ $                      ‐
$        20,000 * $                    ‐ $               ‐ $                  ‐ $               ‐ $                      ‐
$        30,000 * $                    ‐ $            45 $                  ‐ $               ‐ $                  (45)
$        40,000 * $                    ‐ $          312 $               12 $           12 $                (300)
$        50,000 $               350 $          850 $             550 $         200 $                (300)
$        60,000 $            1,300 $      1,800 $          1,500 $         200 $                (300)
$        70,000 $            2,200 $      2,700 $          2,400 $         200 $                (300)
$        80,000 $            2,740 $      3,240 $          2,940 $         200 $                (300)
$        90,000 $            3,190 $      3,690 $          3,390 $         200 $                (300)
$      100,000 $            4,008 $      4,508 $          4,208 $         200 $                (300)
$      125,000 $            5,500 $      6,095 $          6,010 $         510 $                  (85)
$      150,000 $            6,850 $      7,550 $          7,675 $         825 $                 125
$      200,000 $            9,600 $    10,500 $       10,500 $         900 $                      ‐
$      250,000 $          12,100 $    13,375 $       13,500 $      1,400 $                 125
$  1,000,000 $          49,600 $    59,500 $       67,000 $    17,400 $              7,500
$  2,000,000 $       114,600 $  126,500 $     134,000 $    19,400 $              7,500

* Filers at these income levels may be eligible for the 30% Earned Income Tax Credit.

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