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Volume 15, Issue 2

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Marriage and Taxes: Who Pays?

Allen J. Rubenfield, Lecturer of Accounting, Eugene W. Stetson School of Business and Economics, Mercer University Ganesh M. Pandit, Associate Professor of Accounting, Robert B. Willumstad School of Business, Adelphi University

Abstract The Tax Policy Center states that a “marriage penalty” occurs in the tax system when a wife and husband pay more income tax filing jointly as a couple than they would if they had remained single and filed as individuals. Conversely, a “marriage bonus” occurs if a couple pays less tax filing jointly than they would if they were not married and filed single.1 (TPC)

1.

http://www.taxpolicycenter.org/briefing-book/what-are-marriage-penalties-and-bonuses

Journal of Personal Finance Vol 15 issue 2  

Welcome to the Fall 2016 issue of the Journal of Personal Finance. In this issue we have six articles covering topics including how to calcu...