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The Status of the ‘Marriage Penalty’: An Update from the Tax Cuts and Jobs Act

by Allen J. Rubenfield, JD, CPA and Ganesh M. Pandit, DBA, CPA (inactive), CMA | Feb 12, 2019   ()
One of the objectives behind a progressive income tax structure is to achieve a redistribution of wealth by imposing higher taxes on those who earn more compared to those who earn less. Tax laws are therefore written to tax higher incomes at rising rates with fewer exemptions. Due to this structure, married couples filing jointly may end up with a higher joint federal income tax liability compared to what they would incur collectively if they remained single and filed as single individuals. 

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Source: CPA Journal
Source: CPA Journal

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