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marriage penalty

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. Unless reinstated, or if new laws are passed, the penalty will take effect again in 2011.

Related information about marriage penalty:
  1. Marriage penalty - Wikipedia, the free encyclopedia
    The marriage penalty in the United States refers to the higher taxes required from some married couples, where spouses are making approximately the same ...
     
  2. The myth of the marriage penalty - 1 - : tax filing status - MSN Money
    Nov 17, 2010 ... Despite what you may have heard, when it comes to taxes and benefits, it generally pays to be married. But that's not true for all couples.
     
  3. Eliminate the Marriage Tax Penalty - Economic Intelligence (usnews ...
    Sep 18, 2012 ... They are the authors of a new study, "Taxing Marriage: Microeconomic Behavioral Responses to the Marriage Penalty and Reforms for the 21st ...
     
  4. TPC Tax Topics | Marriage Penalty
    This additional tax burden resulting from marriage is referred to as a "marriage penalty" (or "marriage tax"). Marriage can also reduce the federal tax liability of ...
     
  5. TPC Tax Topics | Marriage Penalties
    A “marriage penalty” occurs in the tax system when a wife and husband pay more income tax filing jointly as a couple than they would if they had remained ...
     
  6. The Marriage Tax Penalty
    Although millions of U.S. couples have been impacted by the marriage tax penalty in the federal tax code, do you understand what the marriage penalty is, how ...
     
  7. Jason Alderman: Is the IRS' 'Marriage Penalty' Real?
    Aug 9, 2012 ... Marriage does indeed have many financial ramifications -- both good and bad -- and several involve the dilemma over whether to file income ...
     
  8. Overcome the marriage penalty at tax time
    Dec 9, 2010 ... High-earning married couples pay higher taxes, but the penalty is offset by the economies of marriage. Learn more about taxes at ...