Tax Cuts Glance
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—Treasury Department to mail taxpayers checks beginning this summer: up to $300 for an individual, $500 for a single parent and $600 for a married couple. Actual amounts based on income tax liability and based on people who filed federal income tax returns this year.
TAX RATES
—Rate cuts begin effective July 1, 2001.
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—New 10 percent tax rate applies to first $6,000 of taxable income for single people, $12,000 for married couples filing jointly.