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- Xref: sparky misc.consumers:14256 misc.taxes:2779
- Newsgroups: misc.consumers,misc.taxes
- Path: sparky!uunet!zaphod.mps.ohio-state.edu!moe.ksu.ksu.edu!ux1.cso.uiuc.edu!news.cso.uiuc.edu!acheng
- From: acheng@ncsa.uiuc.edu (Albert Cheng)
- Subject: Re: Middle-class salary range
- References: <92203.085726F0O@psuvm.psu.edu> <1992Jul21.173826.20893@col.hp.com>
- Message-ID: <Brr5sK.6tp@news.cso.uiuc.edu>
- Originator: acheng@shalom.ncsa.uiuc.edu
- Sender: usenet@news.cso.uiuc.edu (Net Noise owner)
- Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
- Date: Tue, 21 Jul 1992 18:53:06 GMT
- Lines: 14
-
-
- In article <1992Jul21.173826.20893@col.hp.com>, lpj@col.hp.com (Laura Johnson) writes:
- >On another subject that's being discussed...By getting married, you gain
- >if one spouse makes much more than the other, because the rates are lower
- >for "married filing jointly." You lose if you make similar amounts, because
- >you go into a higher bracket, and this outweighs the benefit of the
- >"married" rate. Hence the tax code favors the traditional "breadwinner +
- >homemaker" married couple.
-
- One spouse can always quit work to take advantage of this great favor
- from Uncle Sam. :-) More serious, married couple with similar income
- can combine resource to purchase a house (thus getting mortage tax
- break), or invest in less taxed options (like IRA). It is not as bad
- as it appears.
-