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How new taxes will affect you

Here is a preliminary congressional estimate of how the new taxes in the compromise deficit-reduction plan will affect the nation's taxpayers. The projection, computed by Congress' Joint Tax Committee, was based on the tax package congressional leaders and Bush administration officials agreed to Wednesday. Lawmakers were still negotiating over the precise size of the tax increases Thursday.

For people earning less than $10,000 annually, the plan would cut their federal tax bill by 2.1 percent next year. Their effective tax rate _ total earnings divided by all federal taxes _ would go from 13.3 percent now to 13.1 percent. The figures include all federal taxes: income, excise taxes, payroll deductions for Social Security and Medicare and other levies.

People earning $10,000 to $20,000: a 2.8 percent tax cut. Effective tax rate: 15.6 percent now, 15.1 percent next year.

$20,000 to $30,000: 1.8 percent tax increase. Effective tax rate: 18.4 percent now, 18.8 percent next year.

$30,000 to $40,000: 2 percent tax increase. Effective tax rate: 20 percent now, 20.4 percent next year.

$40,000 to $50,000: 2 percent tax increase. Effective tax rate: 21.4 percent now, 21.9 percent next year.

$50,000 to $75,000: 1.5 percent tax increase. Effective tax rate: 24.7 percent now, 25.1 percent next year.

$75,000 to $100,000: 2.1 percent tax increase. Effective tax rate: 25.8 percent now, 26.4 percent next year.

$100,000 to $200,000: 2.2 percent tax increase. Effective tax rate: 26.2 percent now, 26.8 percent next year.

$200,000 and over: 6.3 percent tax increase. Effective tax rate: 25.2 percent now, 26.8 percent next year.

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