This article from NYTimes.com
has been sent to you by tradergroupe@....
An interesting OP ED article from the NY Times on the penalties singles pay and why should singles be singled out for the penalties. It's not exactly anti-marriage but does raise a question or two about the penalties singles pay which our dear legislators always ignore.
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Op-Ed Contributor: Single and Paying for It
January 25, 2004
By SHARI MOTRO
Why should formally committed couples, straight or gay,
enjoy special privileges?
Interesting take on marriage and its consequences. I've always listened
to my accountant for advice on whether or not it is a good time to get
married. I've been living in sin with the mother of my two children for
eighteen years now--longer than the marriages of many of our
friends--and every year at tax time, I've asked Chris whether or not it
was advantageous for Pam and I to get married. For the past 18 years,
he's said no, and run the numbers for us to prove it. Pam gets a much
better tax break when filing as a Single head of household (with two
minor dependents) than she would receive filing jointly with me as a
married couple. And since she makes so much more money than I do,
combining our incomes would put us in a much higher tax bracket (the
segment of the population supposedly being favored by these tax cuts).
We're better off filing as separate single adults living in the same
Under Bush's tax cut passed last year, the "marriage penalty" is
proposed to be phased out over the next ten years, but a CPA will tell
you he'll believe it when he sees it. It hasn't happened yet.
Terry Floyd, Treasurer
Libertarian Party of California, East Bay Region
Yes, it seems to depend on the situation as to whether you are penalized for being single or married. As far as I can see, the only way to make things fair is to entirely eliminate marriage as a factor in taxes.
Try telling that to the Peoples Of Congress We Want To Get Re-elected Benevolent Association Tax Breaks For Married Voters Screw Single People Committee. See how far you get! By the way about that snowball in a hot place .....
Steve Dekorte <steve@...> wrote:
For the past 18 years, he�s said no, and run the numbers for us to
prove it. Pam gets a much better tax break when filing as a Single
head of household ...
Yes, it seems to depend on the situation as to whether you are
penalized for being single or married. As far as I can see, the only
way to make things fair is to entirely eliminate marriage as a factor
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What if the leveling of the field was done in conjunction with reduced total taxes for most everyone?