Anonymous wrote:
Anonymous wrote:Also, let's not forget that when you "move into a higher tax bracket" that doesn't mean ALL your income gets taxed higher. your income above that amount that gets you into the next bracket is what is taxed at a higher rate.
So many of us are dimwits when it comes to taxes...
Actually, it does when you're married. Because the highest bracket for married folk kicks in only slightly above the level for singles, and my husband's salary gets us there, all of my salary gets taxed at the highest marginal rate.
So fascinating to see everyone defending the marriage penalty. And by the way, it's republicans that want to do away with it. You libs just don't want to admit that Obama is punishing working women, and Republicans want to help them. The December Obama tax hikes did exacerbate this problem, so quit jumping on OP for being surprised. I'm just betting that most of you haven't started doing your returns, yet.