The "marriage penalty" of taxes in America - how does it affect you?
Posted March 9, 2009 - 13:24 by Xin Lu
It is tax season again, and it seems that every year the tax code in America gets a little more convoluted. One thing in the tax code that has always annoyed me is something called the "marriage penalty". Basically, the penalty occurs when two people with similar incomes are pushed into a higher tax bracket once they get married and file jointly. Here is a little history on this phenomenon and how it could affect your wallet.
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