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Should Marriages Be Taxed?

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One of the most important concepts that I learned in college was that married filing jointly is the best filing status. I've never really heard of a marriage "penalty" unless one of the spouses was making a lot more money / "illegal" money; therefore, the couple would have to file married filing separate (MFS). I've always thought of marriage as a bonus and I agree with married couples being taxed as a single unit.

Personally, I like the idea of being taxed as a unit because isn't that what marriage is all about "transforming into one"? (lol) To have a double income and an economic family approach is very attractive to those who are thinking about getting married. Couples are indeed taxed more because there's an increase in income; however, they are also given a higher deduction/exemption threshold to accommodate for this increase. I can see why this might be considered a marriage penalty since it considers the progressive tax approach - the more money that comes into a household, the higher the tax. The couple might be entering a higher tax bracket and in turn, lose some or all of their refundable credits (EIC/ Child Tax Credit). …show more content…

A married couple can choose whether to file joint or separate. They are able to do the with-and-without calculation and figure out which is more beneficial to them so I would leave as is for

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