Out of curiosity, I surveyed five of my married friends to answer two questions: 1) Did you pay more or less in taxes after you got married, and 2) How much more or less did you pay? The answers I got were concerning. They all responded they paid more and by a magnitude of $3,000 to $25,000!
It’s just not true that the “marriage penalty tax” no longer exists. The IRS just renamed it the “love me long time tax.”
I’m by no means a personal income tax expert. All I’m doing is highlighting facts from people around me, and proposing the likely reasons as to why their taxes went up. Our income tax system is so darn confusing, hopefully someone can shed some light on the situation!
TWO QUESTIONS TO THINK ABOUT AND UNDERSTAND