Today's word: MARRIAGE PENALTY
Theme for this fortnight: TAXES
Theme for this fortnight: TAXES
A consequence of the current tax
system which results in most married people collectively paying more in taxes,
whether they file jointly or separately, than they would if they weren't
married, and were filing with single status. Various pieces of legislation have
been passed which have removed this penalty in some circumstances, and
currently the marriage penalty has been temporarily suspended for some of the
lower tax brackets through 2010.
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