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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (926)	7/12/1999 12:09:00 PM
From: Bill	Read Replies (2) \| Respond to of 769670

<<I feel married couples should pay the same taxes as single people, or anybody for that matter. It seems to me the current tax code is actually trying to achieve that end. I don't believe there is a marriage tax penalty.>> Now Michelle, re-read the following very slowly. How can you possibly say there is not a marriage tax penalty? HOW? That is an absolutely idiotic thing to say. Totally idiotic. TOTALLY. "Let's take your married couple, each earning $30,000, for a total of $60,000 household income. According to IRS Publication 15, Circular E, January 1999, their tax would be $9,657.50. Now, let's say the two of them decided to live in sin, without officially tying the knot. Each earns $30,000 for a total household income of $60,000. Filing as singles, the total tax would be $8,907.00. The marriage tax penalty, using your own example, is $750.50."