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RSS FeedsJohn Bullis: Why does Congress treat married folks unfairly?
(WorldNews Business)

 
 

24 may 2020 18:25:48

 
John Bullis: Why does Congress treat married folks unfairly?
(WorldNews Business)
 


The income tax law seems to discriminate against married folks. There are several examples of tax laws that cause married folk to pay more than twice what two unmarried single folks pay. The Standard Deduction (a choice instead of Itemized Deductions) gives married folk age 65 or older an additional exemption of $1,300. But a single person age 65 or older gets and additional exemption of $1,650 in 2020. Why the difference? The extra capital gains tax for high income taxpayers is...


 
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