T09-0069 - "The American Recovery and Reinvestment Tax Act of 2009": Making Work Pay Credit, As Reported by Senate Finance, Distribution of Federal Tax Change by Cash Income Level, 2009

2009 distribution of federal tax change, by cash income level, of the Making Work Pay Credit from the "The American Recovery and Reinvestment Tax Act of 2009" as reported by the Senate Finance Committee. The credit is equal to the first 6.2% of earned income up to a maximum credit of $500 ($1,000 for joint filers). The credit is phased-out at a rate of 4 percent of AGI exceeding $75,000 ($150,000 for joint filers).