Friday, January 04, 2013

The new marriage penalty tax

I wasn't the only one who noticed that a pretty big marriage penalty tax has been added for those in the top 1% of earners.  Here's some details, and the math.

Evidently our Congress critters believe that having a spouse who works is the ultimate luxury.


JLM said...

Well, yes. Glad somebody noticed. My theory: Democrats figured conservative Republicans would better tolerate a higher tax rate if it was applied in a way that punished "overachieving" wives.

Jim Gust said...

Punishing working wives has long been a Democrat idea. The Republicans have pushed more marriage neutrality in the tax code, they just haven't pushed hard enough.

Jim Gust said...

Of course, the really serious marriage penalty is in the Social Security tax, not the income tax.