4 ms·
That’s a common assumption, but for double income earning couples, getting married will frequently increase your tax liability. (In the us at least)
by b_tterc_p 8y ago
That’s a common assumption, but for double income earning couples, getting married will frequently increase your tax liability. (In the us at least)
- bunderbunder 8y agoFor middle income folks, it's more likely to help than to hurt. If you're in the bottom 20% or the top 10%, then you're likely to be penalized if you're a dual income family and rewarded if you're a single income family. If you're between those two extremes, it can't hurt and might help. nice visualization here: https://www.nytimes.com/interactive/2015/04/16/upshot/marriage-penalty-couples-income.html https://www.nytimes.com/interactive/2015/04/16/upshot/marria...