Back to INCOME TAX BLOG ListMarriage Penalty Is Expected to Ensnare More Couples
The marriage penalty is far from disappearing despite efforts in Congress to ease the problem. Many two-income married couples still are paying more in taxes together than they would if each had remained single. According to accountants and congressional staffers, the so-called marriage penalty will ensnare many more couples this year unless Congress slows the rapid [...] Source:
http://blogs.wsj.com/tax Some tax deductions are aimed at individuals; many are directed to businesses. The complicated maze of tax deductions that Congress has instituted over the past 70 years has contributed to the view that the tax code in the United States needs to be completely redone in a simpler fashion. |