The ONLY legitimate rationale is to allow a caregiver to forgo additional income in order to provide additional care and supervision of children. Should the law should be changed to allow joint tax filing only when claiming dependent children?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
No. Allowing joint tax returns raises the taxable income for the purpose of tax increase structure. An individual making $150,000 a year is taxed at a different rate than an individual making $200,000 a year. A married couple where one makes $150,000 and one making $50,000 a year will each pay taxes at a lower rate than one person making $250,000 a year. Join them and tax the whole at the higher rate. It's called the marriage penalty.
But most people don't realize that the finances actually have to be kept separate, this includes separate bank accounts, separate checks to pay the household bills. Separate contributions for major purchases. Failure to keep adequate records could subject a married couple to income tax evasion and perjury charges as they might have filed taxes separately, but the money was always commingled.
The ONLY legitimate rationale is to allow a caregiver to forgo additional income in order to provide additional care and supervision of children. Should the law should be changed to allow joint tax filing only when claiming dependent children?
Conservatives have been trying to get tax reform to eliminate joint filing tax penalties forever, are liberals now getting on board - because there might be some benefit to same sex marriage?
Individuals must maintain sufficient records to document any deduction, loss, credit, or other tax-favored treatment they claim. There is no overall requirement to keep any other records.
You point out that there is no requirement that individual or joint filers keep records, just consequences for failure to do so.
Conservatives have been trying to get tax reform to eliminate joint filing tax penalties forever, are liberals now getting on board - because there might be some benefit to same sex marriage?
I'm familiar with Republican's trying to fix the "marriage penalty" where Civilly Married couples filing joint tax returns paid more in taxes then if they filed as individuals.
But could you provide some evidence that we've been trying to eliminate joint tax filings (a) either "at all" or (b) "forever?
Thank you in advance.
>>>>
Conservatives have been trying to get tax reform to eliminate joint filing tax penalties forever, are liberals now getting on board - because there might be some benefit to same sex marriage?
I'm familiar with Republican's trying to fix the "marriage penalty" where Civilly Married couples filing joint tax returns paid more in taxes then if they filed as individuals.
But could you provide some evidence that we've been trying to eliminate joint tax filings (a) either "at all" or (b) "forever?
Thank you in advance.
>>>>
Certainly
Time To Eliminate Joint Filing ? - Forbes
Married should get joint. The rest should not.
The ONLY legitimate rationale is to allow a caregiver to forgo additional income in order to provide additional care and supervision of children. Should the law should be changed to allow joint tax filing only when claiming dependent children?
The ONLY legitimate rationale is to allow a caregiver to forgo additional income in order to provide additional care and supervision of children. Should the law should be changed to allow joint tax filing only when claiming dependent children?
Personally I think there should be no deductions for children and everyone should file an income tax return singly.
Lower the tax rate for everyone and get rid of all deductions and tax credits.
Keep It Simple Stupid.
Married should get joint. The rest should not.
I believe married people are the only ones that can file "joint" returns (at the federal level).
In some situations an individual can file an individual return (or joint return if Civilly Married) and claim another relative as a dependent, but that is not a "joint" return.
The ONLY legitimate rationale is to allow a caregiver to forgo additional income in order to provide additional care and supervision of children. Should the law should be changed to allow joint tax filing only when claiming dependent children?
Personally I think there should be no deductions for children and everyone should file an income tax return singly.
Lower the tax rate for everyone and get rid of all deductions and tax credits.
Keep It Simple Stupid.
Let me guess......Because you don't qualify?
Personally I think there should be no deductions for children and everyone should file an income tax return singly.
Lower the tax rate for everyone and get rid of all deductions and tax credits.
Keep It Simple Stupid.
Let me guess......Because you don't qualify?
Qualify for what?
This might be hard for you to understand but I don't believe I should force other people to pay for my lifestyle choices.
I own a home and am planning to build a second and I have no problem with getting rid of the mortgage deduction. I don't believe people should be forced to pay more in taxes simply because they don't own a home.
If you have kids you most likely use more government services than people without kids why should other people be forced to pay higher taxes simply because they don't have kids?
Lower the rate, get rid of all the deductions exceptions and exemptions as well as all the bullshit tax credits for buying cars etc.
Reduce the complexity of the tax code, reduce the size of the IRS and save the taxpayers some money.
No. Allowing joint tax returns raises the taxable income for the purpose of tax increase structure. An individual making $150,000 a year is taxed at a different rate than an individual making $200,000 a year. A married couple where one makes $150,000 and one making $50,000 a year will each pay taxes at a lower rate than one person making $250,000 a year. Join them and tax the whole at the higher rate. It's called the marriage penalty.
The mechanism to avoid the marriage penalty is to file Married Filing Separately. But most people don't realize that the finances actually have to be kept separate, this includes separate bank accounts, separate checks to pay the household bills. Separate contributions for major purchases. Failure to keep adequate records could subject a married couple to income tax evasion and perjury charges as they might have filed taxes separately, but the money was always commingled.
Do you understand now?