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Relationship Discussion (non-explicit)
Reply to "Sucks for the higher-earning spouse"
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[quote=Anonymous][quote=Anonymous]This tax bill is about as anti-family as it gets. We are currently engaged. We will see a much bigger tax bill after we get married later this year (I make $130K, DW makes $150K).[/quote] You are so so wrong, and obviously have no clue about the tax code. At you and your wife's income (which is similar to what my DH and I make, so I've done these calculations), the new tax bill will result in a substantial cut for you. Pre-tax bill you would have paid a major marriage penalty (now eliminated at your income) and you would have likely paid AMT (unlikely to now). AMT would have wiped out most of your SALT deduction anyways, but won't do so now. If you have a kid, you will get a $2K tax credit per child at your income. Again, pre tax-bill, your deduction for the kid would have been mostly wiped out due to AMT. At a a similar AGI, the new tax bill is saving us about $8K annually. If you want to hate the tax bill because you don't think taxes should have been cut, fine. But don't lie about the bill being anti-family, because eliminating the marriage penalty and adding a refundable $2K per child credit is actually very pro-family. [/quote]
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