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How the 2001 and 2003 Tax Cuts Affect Hypothetical Families in Tax Year 2003

How do the 2001 and 2003 tax cuts affect families and tax filers? What are the tax consequences of having children or being middle-income? This brief and accompanying tables address these questions for an array of families with varying income, number of children, and marital status, for tax year 2003.

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