3 ms·
Surely $600K as a couple income is even on the top endz even in tech. So, for most normal couples like where one earns $300K and the other $100K, filing as a ma
by actuator 3y ago
Surely $600K as a couple income is even on the top endz even in tech. So, for most normal couples like where one earns $300K and the other $100K, filing as a married couple is better, no?
Or am I misunderstanding something
- lotsofpulp 3y agoI think I misunderstood you, and did not realize tax slab meant tax bracket, as assumed you meant the US doubles the tax liability if you are filling married joint.
- philsnow 3y ago[assuming United States for everything here, in case it wasn't obvious] In addition to the brackets, there's tons of other deductions, exemptions, etc that are higher or double for married-filing-jointly tax returns. Just one example is the capital gains on selling your home: if you're filing singly you get an exemption on the first $250k of capital gains, but if you're married and filing jointly that exemption is on the first $500k of gains.
- s1artibartfast 3y agohome mortgage interest is another big one. Interest 375 is deductive if single, 750k if married. Property taxes deductions are similar.
- lwelyk 3y agoA combined $400k is not remotely normal income.