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What is the Marriage Tax Penalty?
A marriage penalty occurs when a couple filing joint
returns experiences a greater tax liability than would occur if each of the
two people were to file as single individuals. Marriage penalties result
from provisions throughout the Federal income tax code designed to tax
household income, whether the household consists of a married couple filing
jointly or a single individual. Primary candidates for the penalty are
working couples with similar incomes. About 42% of couples pay a marriage
penalty, according to the Congressional Budget Office. The 2003 tax cut
provides some limited, temporary relief to the marriage penalty for some
couples.
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