The Marriage Tax Penalty in 2019

Authors

  • Weldon Terry Dancer Arkansas State University

DOI:

https://doi.org/10.33423/jaf.v20i7.3805

Keywords:

Accounting, Finance, taxes, marriage tax penalty, tax legislation

Abstract

Many people believe Congress enacted legislation to eliminate the Marriage Tax Penalty for low income taxpayers. This paper investigates this belief and finds though Congress has enacted legislation to reduce or eliminate the Marriage Tax Penalty, many low income taxpayers still suffer from a substantial Marriage Tax Penalty. In 2019, a married couple with two children where each spouse earned $18,000 incurred a Marriage Tax Penalty of $$3,584.00. This represents about 10% of their total income

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Published

2020-12-15

How to Cite

Dancer, W. T. (2020). The Marriage Tax Penalty in 2019. Journal of Accounting and Finance, 20(7). https://doi.org/10.33423/jaf.v20i7.3805

Issue

Vol. 20 No. 7 (2020)

Section

Articles

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