taxes

[low_delta]

What did the president mean when he said, "the unfair tax on marriage"?

Comments

[serendipity.livejournal.com]

I think it refers to the fact that when each of the two married taxpayers earn about the same amount of money and they file jointly, they have to pay more tax than they would've had they filed separately. If they earn quite different amounts of money, it's not a problem.

I thought that legislation had changed that, but apparently there's an end date for such change. Go here for more: http://www.bankrate.com/brm/itax/tax_watch/20010209a.asp

[eyelid.livejournal.com]

If you are two people both working, you pay more in taxes if married than not married. The tax scheme was invented at a time where if you weren't married, you didn't live together. Therefore, they were just trying to make it more fair, because if you are living on your own you obviously have fewer expenses. However, if one spouse stays home, the tax scheme is more favorable than joint filing, because it is taken into account that there are two people living on the one salary. If the two people are not married and one stays home, that one person earns no income and pays no tax, and the other person earns income and pays tax on it as if she were only paying for herself.

Therefore, this tax scheme encourages people to live together instead of getting married - unless one wants to be a stay-at-home parent.

It's amusing. Because theoretically Bush should be encouraging stay-at-home parenting. The current tax scheme does that.

Hi Kevin

[cherie.livejournal.com]

I thought single people were taxed more than married. We know from his speech though that he sure wants to 'protect the sanctuary of marriage' and I wonder why it needs protecting in the first place. The man confuses me especially when he starts talking about educating the nation's children to read more than a third grade level. I think that is probably where he stopped at those many years ago. :).

Bush=morass of stupidity....

[msfledermaus.livejournal.com]

I haven't a fucking clue...it seems like all of a sudden he's trying this lame-ass backpedal on all the marriage stuff he was trying to push on everybody. I have no damn idea what that moron's going on about anymore, the lies are jut so thick and contradictory. I was listening to MPR and it was all I could do not to throw my radio out the window screaming "STOP IIIIT!!!"

Urrgh.

[emschin.livejournal.com]

I read an article--at least 20 years ago--that demonstrated that it is impossible to be "fair" to every combination of single and married and still be progressive. I favor progressive tax (that taxes higher incomes at a higher rate)as the first consideration. After that--I don't know.