Ostroff, Fair and Company
*Ostroff, Fair and Company>>>United States Taxes

Filing taxes married joinly, why is it cheaper than the other options ?



any special reason

First, it is not always cheaper. There are some cases where filing separately saves money especially when both spouses work but have different exemptions or deductions.
You get a combined standard deduction of $10,300 (for 2006) and the tax rates are lower for that filing status. If only one of you has income, it will definitely be cheaper. If both of you work it actually may cost you more.

The reason behind it is the law; the IRS only interprets and enforces the laws passed by Congress.
the Government wants people to be married, buy a house, and have children.

social policy is promulgated through the tax code all the time.
It is not cheaper than two filing single in our case. That's the marriage penalty. George Bush gave us $500 per kid out of one hand while he punishes us financially for being married with the other!
Tags
Other - Business & Finance Other Taxes United States Taxes United Kingdom Taxes Spain Taxes Singapore Taxes Mexico Taxes Ireland Taxes
Related information
  • How do i check for my tax return?
  • Turbo Tax Promo Code - 2007?
  • Is the fee for ordering checks in my business checking account tax deductable?
  • Personal Loans from Canada and International Border Tax?
  • Does anyone know how to fill out a w-4 tax form?
  • Can running events be used as a tax write off?
  • Can I use my 2 kids to claim me for the EIC if my parents claim them as dependents?
  • How can I change a credit card on my paypal account so that it's charged for my purchases?
  •  

    Finance Categories--Copyright/IP Policy--Contact Webmaster