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Congratulations to Gay Americans Who Are Now Eligible for the Tax Code’s Marriage Penalty
Townhall.com ^ | June 27, 2013 | Daniel J. Mitchell

Posted on 06/27/2013 4:23:09 PM PDT by Kaslin

I haven’t written about gay marriage for the simple reason that I don’t think the state should have any role in marriage. That includes President Bush’s wasteful pro-marriage initiative.

That being said, I have one warning to my gay friends. You better look before you leap.

The internal revenue code punishes two-earner couples who are married. Here’s a  Here’s a succinct explanation from Bloomberg.

(Excerpt) Read more at finance.townhall.com ...


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS:

1 posted on 06/27/2013 4:23:09 PM PDT by Kaslin
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To: Kaslin

Yup! And they have to deal with alimony laws, property division, child support, parental rights (now days they don’t let one parent just walk away unless they’re dangerous), lease issues and more.

A divorce is a PITA.


2 posted on 06/27/2013 4:39:30 PM PDT by Marie ("The last time Democrats gloated this hard after a health care victory, they lost 60 House seats.")
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To: Kaslin
Here’s a Here’s a succinct explanation from Bloomberg.

Ironically, the essential reason the marriage penalty exists resides in the idea of the wife as chattel. The implicit assumption is that the family income is the man's, and he gets a break for supporting his wife. Any income she might contribute is considered "chipping in" and the income is still essentially his. Of course, if she "chips in" half, they are paying more than they would individually, whether filing separately or not.

We may say this is an accident of arithmetic, but it only makes sense if the couple's income is seen as a single income, implicitly the man's, as enshrined in this tax structure.

3 posted on 06/27/2013 4:41:05 PM PDT by dr_lew
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To: Kaslin

Bet that there will an exemption instituted for married gays, who have favored person status in the politically correct, insane world we now live in. No joke. They will be cast as “underserved,” “underrespresented,” etc and needing of a “leg up.” While these criteria never existed in the IRS rules before, it’s clear the IRS has become another arm of far Left, Marxist politics.


4 posted on 06/27/2013 4:46:01 PM PDT by Seeing More Clearly Now
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To: Marie

My thoughts exactly.

And in some states the “Domestic Partner” issue. Where the court “Deems” you married if you have lived with someone for something like seven years ?


5 posted on 06/27/2013 4:52:54 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
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To: Kaslin

Except that the vast majority of homosexuals likely don’t intend to marry. I think lesbian marriages are more common, but homosexuals will not likely marry at anywhere near the same rate as heterosexuals. If they do marry, they are probably much more likely to have an open marriage. Since homosexuality itself is a mental disorder, homosexual “marriages” will, of course, be far more dysfunctional than heterosexual ones (and heterosexuals aren’t exactly doing very well with marriage these days).


6 posted on 06/27/2013 4:55:23 PM PDT by CitizenUSA (Why celebrate evil? Evil is easy. Good is the goal worth striving for.)
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