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Does Obama's proposed tax increase penalize married people?

teigan 2012/12/04 22:24:15
Yes Obama's tax plan penalizes married couples
No it's not a penalty, no couple should make that much
Undecided
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If you are single and make more than 200,000 your taxes will be increased on the amount over 200,000. So if you make 250,000 you will pay a higher rate on 50,000.

But if two successful people marry and they each make 250,000 they will be taxed at a higher rate on 250,000 dollars.

If they never married at all each one would pay a higher tax on 50,000 of their income or a total of 100,000 dollars combined.

The result is that those that choose to marry are penalized because they have to pay more than a couple that make the same income but choose to live together rather than marry.
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  • SimpleAmerican BN-0 2012/12/05 18:05:08
    Yes Obama's tax plan penalizes married couples
    SimpleAmerican BN-0
    +1
    Don't forget with the expiration of the Bush Tax cuts, the marriage penalty comes back and the child deduction goes back down. Add to that the fact the the death tax comes back at a much higher rate with a lower ceiling for an "estate", capital gains rates go up and several other raises... including the 10% bracket which will go away impacting people making less than $34,500. I guess those that voted for him really didn't understand what was going on here.... Don't forget the costs of Obamacare!
  • teigan SimpleA... 2012/12/05 18:36:01
    teigan
    +1
    I'm guessing Obama needs to raise taxes on everyone, not just the rich. Now he'll fail to get an agreement with Republicans and all the cuts will expire and he can blame it on the Republicans.
  • SimpleA... teigan 2012/12/05 18:45:49
    SimpleAmerican BN-0
    +1
    Actually, I think it would be best if the Republicans let him and Harry Reid own the cliff... Just send another bill to Reid, that the House has sent before regarding cuts, etc. and let him block it from a vote, then the tax cuts go away, everyone will see the HUGE increases and the economy will tank... Yes the Republicans will still get the blame, but at least someone might wake up and think, wait what the hell is really behind these numbers :)
  • teigan SimpleA... 2012/12/28 05:03:00 (edited)
    teigan
    +1
    I agree. Lets go cliff diving.
  • Christopher Kirchen 2012/12/05 04:04:27
    Yes Obama's tax plan penalizes married couples
    Christopher Kirchen
    +1
    Obama wants to corrode the traditional American family.
  • Aqua Surf BTO-t-BCRA-F 2012/12/05 02:15:57
    Yes Obama's tax plan penalizes married couples
    Aqua Surf BTO-t-BCRA-F
    +1
    All about continuing to undermine traditional American values. Wonder if anyone will get divorced just to mess with the G-Man or out of real need.
  • teigan Aqua Su... 2012/12/05 06:29:01
    teigan
    I bet there will be some.
  • Nancy~PWCM~JLA~POTL 2012/12/04 23:35:48
    Undecided
    Nancy~PWCM~JLA~POTL
    +2
    Everyone is about to get hosed and party is not the issue. all the politics are in their back pocket with not serving the people, constituents they are supposedly working for. Their lives are basically unchanged and they can do and say whatever they wish. Pretty pathetic
  • NCIS Addict 2012/12/04 22:52:31
    Yes Obama's tax plan penalizes married couples
    NCIS Addict
    +2
    it's a non discriminatory penalty. Everyone gets hosed.
  • teigan NCIS Ad... 2012/12/04 23:24:28
    teigan
    +4
    Not singles that choose to live together rather than get married. Well they still get hosed on higher taxes but they are not being hosed as much as those that choose to marry. Kinda discourages marriage.
  • Nancy~P... NCIS Ad... 2012/12/05 00:13:40
    Nancy~PWCM~JLA~POTL
    +1
    except them

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