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Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)

Post 9/11 stimulus package, reduced top marginal income tax rate, lowered income tax rates for all brackets, increased child tax credit, reduced marriage penalty, phased out estate tax (later expired).

 

Significance

  • Largest tax cut in US history at the time, aimed at stimulating economy post-9/11.
  • Increased budget deficit
  • Cut Tax rates across all brackets
  • Reduced Estate, and Capital Gains Taxes
  • Increased deduction for Married filers, and Increased Child and Earned Income Credits

 

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We are a Non-Profit

Tax Project Institute is a fiscally sponsored project of MarinLink, a California non-profit corporation exempt from federal tax under section 501(c)(3) of the Internal Revenue Service #20-0879422.

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