The Economic Growth and Tax Relief Reconciliation Act of 2001 cuts individual income tax rates for all brackets except the 15% rate. A sixth tax bracket of 10% was also added for the first $6,000 of income for single taxpayers, $10,000 for single parents, and $12,000 for married taxpayers. All rates except the 15% rate (and new 10% rate) were cut by one-half percentage point on July 1, 2001. As a result, tax rates for all of 2001 are 10%, 15%, 27.5%, 30.5%, 35.5%, and 39.1%. For 2002, rates drop to 27%, 30%, 35%, and 38.6%.