3 ms·
Add to that list: 4. Divorces are being initiated to show expenses and "reduce" wealth ;)
by phekunde 5y ago
Add to that list:
4. Divorces are being initiated to show expenses and "reduce" wealth ;)
- alok-g 5y agoUnless the tax brackets go down, net taxes (spouses combined) should come to roughly the same thing.
- yupper32 5y agoIt's very possible to pay more taxes while married. Two high income people getting married will very often face a large "marriage penalty". It's the dumbest thing I've ever heard of when I first looked into taxes when thinking about getting married. We seriously thought about not getting married on paper because of it.
- alok-g 5y agoI would like to see more details. :-) What you wrote is not my current understanding or observations.
- yupper32 5y agoYou can just Google "Marriage Tax Penalty" and you'll get more details and history than I can write in a post. I imagine it's not a super common problem in the general population. But for the HN demographics, two high earning bay area tech people getting married is pretty common, and they'll often be hit with the penalty.
- alok-g 5y agoThat explains it. I looked it up and it does indeed say that it impacts those cases more when both people are high earners. Thanks. :-)