Married Same-Sex Couples With Kids See IRS Tabs Rising

[jaichind]

http://www.bloomberg.com/news/2013-08-12/married-same-sex-couples-with-kids-see-irs-tabs-rising.html

Married same-sex couples with children may face higher bills from the IRS as recent Supreme Court rulings start playing out in the tax code.
The increase probably would result from phasing out income tax credits for families, depending on the distribution of income between two working spouses, now that same-sex couples will be required to file joint returns with the Internal Revenue Service, according to a Congressional Research Service report.

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I guess now that DOMA is gone, high two income LGBT couples now will face the same marriage penalty that I and many other high income couples face.  I guess equity will come with a price (in this case extra taxes).  I always dreamed of having a fake divorce with my wife yet live togeather with our child.  We will save many tens of thousands of dollars.  But the social cost would be so too high in terms of work, school and personal life aside from the fact that my wife will not agree to a scheme like this anyway, even though she is quite an utilitarian like myself.  For now it is just a dream that i drool over the the money I can claw back from the government.

[The Free North]

'Money I can claw back from the government"

Amen

[Brittain33]

Yes, I'm not sure what the impact will be on me. My partner and I have comparable incomes so our taxes will definitely go up on that count, but I will save more than $1,000 annually on income taxes on health care benefits. So, worse for him.

[jaichind]

Yes, I'm not sure what the impact will be on me. My partner and I have comparable incomes so our taxes will definitely go up on that count, but I will save more than $1,000 annually on income taxes on health care benefits. So, worse for him.

It would depend.   Somtimes equal income leads to marriage bonus or penalty depending on what that income is.  The way AMT and the marginal tax rates works relative to filing as joint or seperately is the biggest factor in my view.  See

[memphis]

I'm looking at Jai's graph. I doubt there are many households, where both people work and income is still less than $25k. Most people in that demo don't pay any income tax anyway, whether they are married or not. So the penalty in that corner is largely theoretical. And then you have the sad case of the millionnaires. Who chose to get married. And now have to be treated like every other millionnaire couple. I feel so bad for their financial situation

[Brittain33]

I'm looking at Jai's graph. I doubt there are many households, where both people work and income is still less than $25k. Most people in that demo don't pay any income tax anyway, whether they are married or not. So the penalty in that corner is largely theoretical.

Perhaps it applies to an EITC penalty instead of bonus?

Thank you for that graph jaichind.

[○∙◄☻¥tπ[╪AV┼cVê└]

I'm looking at Jai's graph. I doubt there are many households, where both people work and income is still less than $25k. Most people in that demo don't pay any income tax anyway, whether they are married or not. So the penalty in that corner is largely theoretical. And then you have the sad case of the millionnaires. Who chose to get married. And now have to be treated like every other millionnaire couple. I feel so bad for their financial situation

Obviously the tax laws tend to favor married people over single people

[TNF]

I'm looking at Jai's graph. I doubt there are many households, where both people work and income is still less than $25k. Most people in that demo don't pay any income tax anyway, whether they are married or not. So the penalty in that corner is largely theoretical. And then you have the sad case of the millionnaires. Who chose to get married. And now have to be treated like every other millionnaire couple. I feel so bad for their financial situation

Obviously the tax laws tend to favor married people over single people

So abolish marriage, don't expand it.

[memphis]

I'm looking at Jai's graph. I doubt there are many households, where both people work and income is still less than $25k. Most people in that demo don't pay any income tax anyway, whether they are married or not. So the penalty in that corner is largely theoretical. And then you have the sad case of the millionnaires. Who chose to get married. And now have to be treated like every other millionnaire couple. I feel so bad for their financial situation

Obviously the tax laws tend to favor married people over single people

Much more substantially, the tax laws favor people with children. Parents, whether needy or not, are the real welfare queens. And I don't really have a problem with that. I think the nation should go the extra mile to help households with children, but I wish people were more grounded regarding who is taking money from the government. Perhaps we should have a debate about whether parents should have to take a drug test in order to claim the child tax credit.

[Lief 🗽]

ITT: rich people tears.

[King]

Well then, I guess this whole civil rights thing just wasn't worth it.

[Хahar 🤔]

I always dreamed of having a fake divorce with my wife yet live togeather with our child.  We will save many tens of thousands of dollars.  But the social cost would be so too high in terms of work, school and personal life aside from the fact that my wife will not agree to a scheme like this anyway, even though she is quite an utilitarian like myself.  For now it is just a dream that i drool over the the money I can claw back from the government.

This is really a very enlightening view into a certain mindset.

[King]

I always dreamed of having a fake divorce with my wife yet live togeather with our child.  We will save many tens of thousands of dollars.  But the social cost would be so too high in terms of work, school and personal life aside from the fact that my wife will not agree to a scheme like this anyway, even though she is quite an utilitarian like myself.  For now it is just a dream that i drool over the the money I can claw back from the government.

This is really a very enlightening view into a certain mindset.

True romantics those libertarians, eh?

[© tweed]

I always dreamed of having a fake divorce with my wife yet live togeather with our child.  We will save many tens of thousands of dollars.  But the social cost would be so too high in terms of work, school and personal life aside from the fact that my wife will not agree to a scheme like this anyway, even though she is quite an utilitarian like myself.  For now it is just a dream that i drool over the the money I can claw back from the government.

This is really a very enlightening view into a certain mindset.

True romantics those libertarians, eh?

that could almost be the second or third paragraph to a 3.75-star story on Literotica.

[barfbag]

Oh so now gays suddenly don't want to get married now that they're learning about the marriage penalty tax. I hope they're happy with what they've gotten themselves into. You can't have it both ways. If gays want to get married, then they should pay the marriage penalty tax. Next the Democrats will want to eliminate the marriage penalty tax just for gays. They never cease to amaze me.

[Fmr President & Senator Polnut]

Oh so now gays suddenly don't want to get married now that they're learning about the marriage penalty tax. I hope they're happy with what they've gotten themselves into. You can't have it both ways. If gays want to get married, then they should pay the marriage penalty tax. Next the Democrats will want to eliminate the marriage penalty tax just for gays. They never cease to amaze me.

Your act is getting ... a little tiring.

[Antonio the Sixth]

ITT: rich people tears.

Basically.

[barfbag]

Oh so now gays suddenly don't want to get married now that they're learning about the marriage penalty tax. I hope they're happy with what they've gotten themselves into. You can't have it both ways. If gays want to get married, then they should pay the marriage penalty tax. Next the Democrats will want to eliminate the marriage penalty tax just for gays. They never cease to amaze me.

Your act is getting ... a little tiring.

Perhaps we could get you on board for the fair tax?

[King]

ITT: rich people tears.

Basically.

Reminds of this WSJ editorial page classic:

[SUSAN CRUSHBONE]

Next the Democrats will want to eliminate the marriage penalty tax just for gays.

Sounds like a pretty good idea actually.

[Small Business Owner of Any Repute]

Oh so now gays suddenly don't want to get married now that they're learning about the marriage penalty tax. I hope they're happy with what they've gotten themselves into. You can't have it both ways. If gays want to get married, then they should pay the marriage penalty tax. Next the Democrats will want to eliminate the marriage penalty tax just for gays. They never cease to amaze me.

What's wrong with you? Like, seriously: Why are you like this?

[Oswald Acted Alone, You Kook]

Well that's what this is about. Equality. People went with the emotional aspects in promoting SSM rather than the political ones.

[barfbag]

Oh so now gays suddenly don't want to get married now that they're learning about the marriage penalty tax. I hope they're happy with what they've gotten themselves into. You can't have it both ways. If gays want to get married, then they should pay the marriage penalty tax. Next the Democrats will want to eliminate the marriage penalty tax just for gays. They never cease to amaze me.

What's wrong with you? Like, seriously: Why are you like this?

You take me too seriously sometimes. Couples should be treated equal whether gay or straight. It's fun to pick on the other side. If you can't laugh then you shouldn't be in politics.

[Fmr President & Senator Polnut]

Oh so now gays suddenly don't want to get married now that they're learning about the marriage penalty tax. I hope they're happy with what they've gotten themselves into. You can't have it both ways. If gays want to get married, then they should pay the marriage penalty tax. Next the Democrats will want to eliminate the marriage penalty tax just for gays. They never cease to amaze me.

What's wrong with you? Like, seriously: Why are you like this?

You take me too seriously sometimes. Couples should be treated equal whether gay or straight. It's fun to pick on the other side. If you can't laugh then you shouldn't be in politics.

That is your problem - you'd rather antagonize than contribute to the discussion. Which is why I don't bother engaging with you.