Download or read book The Marriage Tax Penalty written by Jane Gravelle and published by Nova Publishers. This book was released on 2003 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an overview of issues associated with the marriage penalty. The first section explains how the marriage penalty (and the marriage bonus) arises and why it is not possible to achieve simultaneously the goals of marriage neutrality and horizontal equity across families in a progressive tax system. The second section discusses the size of the marriage penalty, the bonus and importantly, the notion that the marriage penalty is not a precisely defined measure. The next section outlines the issues of equity, efficiency and simplicity that are part of the frame work for evaluating policy and the final section discusses various legislative proposals in light of these objectives. The book also estimates the effects of current tax policies on families of different types and sizes and analyses proposals to address the marriage penalty and the child tax credit. It contains a history of the development of tax provisions affecting the family.
Download or read book Do Taxes Affect Marriage Lessons from History written by Edward G. Fox and published by . This book was released on 2017 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The question of how to tax married couples has remained controversial since the adoption of the federal income tax over a century ago. The appropriate answer to this question depends in part on how sensitive couples are to taxes when deciding to marry. Yet we know surprisingly little about how taxes shape couples' marriage choices. This Article begins to fill that gap using a natural experiment generated by the halting shift in how the income tax treated married couples in the mid-Twentieth Century. The system moved from taxing married couples as two individuals--in which case marriage largely did not affect taxes--to taxing married couples on their joint income. At the time of this shift, joint taxation lowered couples' taxes upon marriage. The change to joint taxation, however, came later to some states, creating a natural experiment to study its impact on marriage rates. This Article shows that annual marriage rates increased by 9% in the relevant states after the introduction of joint taxation made marriage tax-advantaged, with affected men marrying 3 to 5 months sooner on average. This suggests that at any given time during this period there were tens or hundreds of thousands of married couples in the United States who would not have been married if not for the tax incentives. Couples appear to have been unexpectedly responsive to the tax changes given that unmarried cohabitation was not acceptable under the social mores of the day. If anything, Americans today are likely more sensitive to taxes when deciding whether and when to marry, suggesting that joint taxation continues to affect marriage decisions today. This in turn strengthens the case for returning to individual taxation of marriage if the goal is to avoid inefficiently distorting people's marriage decisions. By contrast, if the government wishes to encourage marriage, the results imply that using the tax code may be effective under some circumstances, but further analysis suggests that joint taxation remains a poor choice for doing so.
Download or read book Structuring the Tax Consequences of Marriage and Divorce written by Carlyn S. McCaffrey and published by Aspen Publishers. This book was released on 1995 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxes and Transfers written by Stacy Dickert-Conlin and published by . This book was released on 1997 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book For Better Or Worse written by Sherwood Kohn and published by . This book was released on 1997-06-01 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the ways in which federal tax law affects the income taxes that married couples pay & how demographic & labor market changes over the last two decades have altered those effects. It also discusses a variety of possible changes in the federal tax code that would reduce the higher tax liabilities that married couples often incur because they cannot file individual tax returns. Included in the appendixes are discussions on the tax treatment of married couples in other countries & under state income taxes. Charts & tables.
Download or read book Taxes and Marriage written by Hector Chade and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article analyzes the effects of differential tax treatment of married and single individuals in the United States on marriage formation and composition, divorce, and labor supply. We develop a marriage-market model with search frictions and heterogeneous agents that is sufficiently rich to capture key elements of the problem under consideration. We then calibrate the model and use it to evaluate the quantitative effects of several tax reforms aimed at making the tax law neutral with respect to marital status. We find that these reforms (i) systematically increase the labor supply of married females, with changes ranging from 0.3 to 10.1 percent; (ii) have substantial effects on the correlation of spouses' incomes, which changes from 0.2 to values between 0.185 and 0.334; (iii) can lead to either an increase or decrease in the fraction of people married, with changes that range from 0.6 to 2.4 percent.
Download or read book Marriage Penalty Tax written by United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally and published by . This book was released on 1980 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marriage and Taxes written by Virgil Knedlik and published by . This book was released on 2022-03-10 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Overview of tax issues that newly married couples should discuss
Download or read book Self employment Tax written by and published by . This book was released on 1988 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Whiteness of Wealth written by Dorothy A. Brown and published by Crown. This book was released on 2021-03-23 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking exposé of racism in the American taxation system from a law professor and expert on tax policy NAMED ONE OF THE BEST BOOKS OF THE YEAR BY NPR AND FORTUNE • “Important reading for those who want to understand how inequality is built into the bedrock of American society, and what a more equitable future might look like.”—Ibram X. Kendi, #1 New York Times bestselling author of How to Be an Antiracist Dorothy A. Brown became a tax lawyer to get away from race. As a young black girl growing up in the South Bronx, she’d seen how racism limited the lives of her family and neighbors. Her law school classes offered a refreshing contrast: Tax law was about numbers, and the only color that mattered was green. But when Brown sat down to prepare tax returns for her parents, she found something strange: James and Dottie Brown, a plumber and a nurse, seemed to be paying an unusually high percentage of their income in taxes. When Brown became a law professor, she set out to understand why. In The Whiteness of Wealth, Brown draws on decades of cross-disciplinary research to show that tax law isn’t as color-blind as she’d once believed. She takes us into her adopted city of Atlanta, introducing us to families across the economic spectrum whose stories demonstrate how American tax law rewards the preferences and practices of white people while pushing black people further behind. From attending college to getting married to buying a home, black Americans find themselves at a financial disadvantage compared to their white peers. The results are an ever-increasing wealth gap and more black families shut out of the American dream. Solving the problem will require a wholesale rethinking of America’s tax code. But it will also require both black and white Americans to make different choices. This urgent, actionable book points the way forward.
Download or read book Is Our Fiscal System Discouraging Marriage written by Elias Ilin and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a new measure of the marriage tax - the percentage change in remaining lifetime (future) spending from marrying. (Equivalently, the increase in future net taxes divided by initial future spending.) We calculate this tax for young respondents to the 2016 Survey of Consumer Finance, impute the tax facing single young respondents to the 2018 American Community Survey (ACS), and study whether the tax alters the ACS respondents' decisions to marry. We control for endogenous spousal selection by assuming clone marriage - marriage to oneself. Our clone-marriage tax is comprehensive, intertemporal, and actuarial. It includes all key federal and state tax and benefit programs, weighing the present value of extra net taxes along each marital survivor path by the path's probability. The weighted average marriage tax - 2.69 percent - is very large, corresponding to a year or two of lost earnings for most singles. The range of clone-marriage tax rates - -74.4 percent to 45.8 percent - is equally remarkable. The average marriage tax rate is twice as high for the poor than for the rich and twice as high in some states than in others. Marriage taxation has a small overall impact on marrying, but a substantial impact for subgroups. Absent the tax, 13.7 percent more low-income, single females with children would marry annually and 7.5 percent more would be married by age 35. Our results are robust to assuming ACS singles marry higher- or lower-earning variants of themself and to adjusting for partial benefit takeup. Clearly, making each fiscal policies marriage neutral or using the federal income tax to annually adjust a couple's total net tax burden to ensure it's twice that of singles represent two ways to eliminate marriage taxation. An alternative, partial reform lies in adopting universal health insurance whose receipt is not income based. As we show, Medicaid and the ACA embed substantial marriage taxes.
Download or read book Marriage Tax Relief Reconciliation Act of 2000 written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 2000 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Medical and Dental Expenses written by and published by . This book was released on 1996 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxing Women written by Edward J. McCaffery and published by University of Chicago Press. This book was released on 2007-12-01 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taxing Women comprises both an insightful, critical analysis of the gender biases in current tax laws and a wake-up call for all those concerned with gender justice to pay more attention to the pervasive impact of such laws. Providing real-life examples, Edward McCaffery shows how tax laws are actually written to punish married couples who file jointly. No dual-income household can afford not to read this book before filing their taxes. "Taxing Women is a must-have primer for any woman who wants to understand how our current tax system affects her family's economic condition. In plain English, McCaffery explains how the tax code stacks the deck against women and why it's in women's economic interest to lead the next great tax rebellion."—Patricia Schroeder "McCaffery is an expert on the interplay between taxes and social policy. . . . Devastating in his analysis. . . . Intriguing."—Harris Collingwood, Working Women "A wake-up call regarding the inequalities of an archaic system that actually penalizes women for working."—Publishers Weekly
Download or read book Tax Withholding and Estimated Tax written by and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Federal Government s War on Marriage AKA the Marriage Penalty Tax written by Floyd Carpenter and published by . This book was released on 2014 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical research has shown that public policy such as tax and transfer programs have had a deleterious effect on marital stability. This study analyzes the cost to individuals of various aspects of the marriage penalty tax (MPT) and thereby how it discourages marriage and how it harms both individuals and society at large. Decline of the family, especially married couples, is regarded as one of the critical problems facing American society. Past research indicates that the MPT, due to its negative impact on marital stability and two-parent families, results in major social and economic costs, such as higher rates of children living in poverty, lower education, higher unemployment, more crime, and poorer health. Given its harm, we conclude that the MPT should be eliminated from the tax code. Opponents to repealing the marriage penalty have complained that 'higher-income' taxpayers receive disproportionate benefit. However, this research shows that the MPT has an equally negative effect on couples in the lowest income categories, particularly with its impact on the earned income tax credit. Further, regardless of a couple's income level, the marriage penalty is detrimental to marriage, and thus, to society overall. Tax laws, as part of public policy, should foster, not hamper, two-parent families and their corresponding economic benefits such as improved employment, better public health, and lower crime.
Download or read book Health Breakthroughs 2025 written by Bottom Line Books and published by . This book was released on 1992 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
