LGBT - Gay couples face higher tax bills | Offtopic.com
LGBT Gay couples face higher tax bills
Discussion in 'Lifestyle' started by NOVAJock, Apr 14, 2008.
Not always true. A gay (or unmarried straight) couple who each make about the same salary are actually better off tax wise than a legally married couple in the same circumstances.
um...how - are we assuming the married couple has children? explain your stance.Click to expand...
No children necessary. The standard deduction and exemption for a married couple filing jointly is less than twice those of the total of two single people, so if the two people make about the same amount of money, there is actually a "marriage penalty." Only if one person makes no money or significantly less money is it better taxwise to be married.
LGBT - Gay couples face higher tax bills | Offtopic.com
LGBT Gay couples face higher tax bills
Discussion in 'Lifestyle' started by NOVAJock, Apr 14, 2008.
Not always true. A gay (or unmarried straight) couple who each make about the same salary are actually better off tax wise than a legally married couple in the same circumstances.
um...how - are we assuming the married couple has childre
n? explain your stance.Click to expand...
No children necessary. The standard deduction and exemption for a married couple filing jointly is less than twice those of the total of two single people, so if the two people make about the same amount of money, there is actually a "marriage penalty." Only if one person makes no money or significantly less money is it better taxwise to be married.