And why does the tax code favor unmarried couples when both work?
It's a double standard.
2006-10-14
06:55:30
·
9 answers
·
asked by
notme
5
in
Politics & Government
➔ Politics
Strictly from a tax perspective, getting married makes the most sense when one spouse earns income and the other spouse doesn't earn income. That because one income is being spread over two people, and the income is now tax at the more favorable Married Filing Joint tax rates, and the married couple can enjoy higher limitations on retirement savings and other tax benefits. Again, strictly from a tax perspective, staying single makes the most sense when both life-partners earn income.
http://taxes.about.com/od/taxplanning/qt/marriage_tax.htm
2006-10-14
07:02:16 ·
update #1
Did I touch a nerve meanie?
2006-10-14
07:14:40 ·
update #2