marriage penalty is more obvious even for lower income

when you compared married with 2 single head of household, instead of singles.

The philosophy behind the tax code is at leaast obsolete in morden days. 

When two people make 300k combined, paying 100k in tax, spending 100k, that leaves 100k for saving. 100k and 120k is 20% difference.

You know what, 100k saving a year, you need to work like dogs for 10 years to buy a 1M houses, which most likely just a normal single family house in metro area. Then work another 20 years to save for retirement.

In this example, 20K a year makes a huge difference. The income level is just "normal" in my opinion. Obama thinks that is rich. He wants sacrifice people's budget target for the government overspending.

It is very discouraging. White house is out of touch.

所有跟帖: 

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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