PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Bill who wrote (921)	7/12/1999 11:55:00 AM
From: Lizzie Tudor	Read Replies (2) of 769670

I have no problem with your proposal (that 20% example you gave), I just don't think thats what the proposal is. I have a document that says that once the marriage tax penalty is repealed, a family making 125K with one salary only will actually pay less taxes than two single people where one makes 100K and the other 25K. This is because the repeal of this penalty has the effect of pooling the $$ for the family and dividing by 2. Otoh if you have two single people where the income is imbalanced, the higher income person quickly gets bumped into the higher tax bracket (at 100K or 125K I don't recall) and the lower income person stays at the 15% level, but only on that smaller $$ amount.

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