marriage penalty remains high for the "rich"

来源: tiantianniu 2011-12-14 13:30:58 [] [旧帖] [给我悄悄话] 本文已被阅读: 次 (2033 bytes)
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Quite possible for 20K difference each year.

Example, FSA child care, 4K limit regardless 1 or 2 kids. So, for both single-parents, a loss of 4K deductable.

Example, AMT exempt,

When calculating your alternative minimum tax liability, you can generally take an exemption, which lowers the amount of your AMT income and, thus, lowers your potential AMT liability. However, if your AMT income is above a certain amount, the amount of your exemption begins to phaseout (that is, the higher your income, the lower an exemption you can claim). The threshold amount that triggers this AMT exemption phaseout is $75,000 (if you are married filing separately), $112,500 (if you are single or filing as head of household) or $150,000 (if you are married filing jointly or a qualified widow or widower). If your AMT income is above this threshold amount, the amount of your AMT exemption is lowered by $0.25 for ever $1 your AMT income is over this amount. For example, if you are single and your AMT income is $115,000, that is $2,500 over the threshold amount, so your exemption would be lowered by $625.

As a result of this phaseout, at a certain point you are no longer entitled to take any AMT exemption. You lose this exemption if your AMT income is $191,000 (if you are married filing separately), $273,500 (if you are single or filing as head of household) or $328,000 (if you are married filing jointly or a qualified widow or widower).

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marriage penalty is more obvious even for lower income -tiantianniu- 给 tiantianniu 发送悄悄话 (808 bytes) () 12/14/2011 postreply 14:50:23

Where does ur 20K come from? pls see my calculation -alwaysluck- 给 alwaysluck 发送悄悄话 (23346 bytes) () 12/14/2011 postreply 15:35:50

you are only considering income -tiantianniu- 给 tiantianniu 发送悄悄话 (66 bytes) () 12/14/2011 postreply 17:06:21

Need more details. I'd like to know -alwaysluck- 给 alwaysluck 发送悄悄话 (76 bytes) () 12/14/2011 postreply 17:15:19

Agree:choosing to file with the status of "married filing separa -螺丝螺帽- 给 螺丝螺帽 发送悄悄话 螺丝螺帽 的博客首页 (122 bytes) () 12/14/2011 postreply 18:08:28

thanks for the confirmation -tiantianniu- 给 tiantianniu 发送悄悄话 (362 bytes) () 12/15/2011 postreply 07:04:36

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