Obama tax policy penalize family

[an]

Linky
To start, Obama frequently cites $250,000 as the line between those who would be subject to higher taxes and those who wouldn’t.

Indeed, under Obama’s tax plan, married couples with at least $250,000 in gross income are likely to see their taxes go up if Obama is elected president.

But what about single filers? The line for them would likely be about $200,000, according to an Obama adviser.

So, the line has been drawn @ $250k for couple but $200k for single. That to me is penalizing double income family vs single. I think he either should make it $400k for couple or $125k for single. With his policy, if you have 2 high income people making high 100k, it might be better to stay single than get married on paper.

That lack of specificity concerns some tax experts. “If Obama is hinting that those making more than $250,000 would pay a higher payroll tax rate … it would fundamentally change the way Social Security operates and run the risk of making the program look less like social insurance and more like welfare,” Tax Vox blog editor Howard Gleickman wrote for the Tax Policy Center.

Would be very interesting to see more detailed info of his plan.

[afx114]

if you have 2 high income people making high 100k, it might be better to stay single than get married on paper.

If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.

[afx114]

if you have 2 high income people making high 100k, it might be better to stay single than get married on paper.

If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.

[afx114]

if you have 2 high income people making high 100k, it might be better to stay single than get married on paper.

If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.

[afx114]

if you have 2 high income people making high 100k, it might be better to stay single than get married on paper.

If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.

[afx114]

if you have 2 high income people making high 100k, it might be better to stay single than get married on paper.

If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.

[an]

[quote=afx114]If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.[/quote]
I agree, it’s not something I’d do, but that’s something someone else would. Just like pre-nup, divorce, etc. Two people can still live together like a married couple, but they might not want to get that paper that say they’re married if it means they’ll have to pay more in taxes. A marriage is much more than just a piece of paper. All I’m trying to say is, married couple should not be taxed more than single person.

[an]

[quote=afx114]If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.[/quote]
I agree, it’s not something I’d do, but that’s something someone else would. Just like pre-nup, divorce, etc. Two people can still live together like a married couple, but they might not want to get that paper that say they’re married if it means they’ll have to pay more in taxes. A marriage is much more than just a piece of paper. All I’m trying to say is, married couple should not be taxed more than single person.

[an]

[quote=afx114]If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.[/quote]
I agree, it’s not something I’d do, but that’s something someone else would. Just like pre-nup, divorce, etc. Two people can still live together like a married couple, but they might not want to get that paper that say they’re married if it means they’ll have to pay more in taxes. A marriage is much more than just a piece of paper. All I’m trying to say is, married couple should not be taxed more than single person.

[an]

[quote=afx114]If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.[/quote]
I agree, it’s not something I’d do, but that’s something someone else would. Just like pre-nup, divorce, etc. Two people can still live together like a married couple, but they might not want to get that paper that say they’re married if it means they’ll have to pay more in taxes. A marriage is much more than just a piece of paper. All I’m trying to say is, married couple should not be taxed more than single person.

[an]

[quote=afx114]If you’re going to avoid marriage for tax purposes, I think that maybe your priorities are a little backwards.[/quote]
I agree, it’s not something I’d do, but that’s something someone else would. Just like pre-nup, divorce, etc. Two people can still live together like a married couple, but they might not want to get that paper that say they’re married if it means they’ll have to pay more in taxes. A marriage is much more than just a piece of paper. All I’m trying to say is, married couple should not be taxed more than single person.

[kev374]

It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[kev374]

It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[kev374]

It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[kev374]

It is an OUTRAGE to consider someone earning $125k/yr as “wealthy” when that income can’t even afford a decent single family home over here in Orange County. People earning $125k/yr already pay 48% in marginal taxes, you want to increase it.. Have you lost your mind?? Have you gone INSANE??

[Author]

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