Marriage is a revered institution in America but not apparently under the Congressional health care legislation, which contains steep "marriage penalty" taxes, i.e. tax burdens that only get heavier when a couple says, "I do." Under the Senate bill, if family income rises above a certain level, couples lose benefits or have to pay higher taxes. That's an incentive for dual-income couples to skip the marriage ceremony altogether and continue to file as singles. For cohabitators, the savings could amount to thousands of dollars a year.
Saturday, January 16, 2010
The Coming Tax Burden for Being Married
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