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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 38.16+2.5%Nov 7 9:30 AM EST
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To: Sonny McWilliams who wrote (26334)8/10/2000 3:50:06 PM
From: Gerald Walls  Read Replies (2) of 27012
 
Now. You are married. Do you like the marriage penalty? A deduction helps families under 50,000 and gives families with stay at home moms a break. This bill would recognize that stay at home moms also work. But today that seems to be a dirty word. The latter will def. give those families a tax break and hence, more income.

While I agree with most of what you said and believe that it is unconscionable that the government wants to spend the "surplus" (if it actually exists) instead of not robbing the extra money it doesn't need from us in the first place, we have to be fair here.

There is no marriage penalty for a couple with uneven incomes, only for couples with similar incomes. My wife is a stay-at-home mother and we have no marriage penalty but instead probably have a marriage bonus. (I would still like a tax cut, though.)

Plus, part of the Marriage Penalty relief was a rate threshold change, but the other part was an increase in the standard exemption (not a deduction). The former will help everyone but the latter will only help lower-income people, because the standard exemption is phased out for higher incomes and anyone in the "middle class" or the "lower-upper-class" with a mortgage is almost guaranteed to do better filing Schedule A.

At least this is the way it was the last time I heard about it.
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