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Author: SamuelClemens Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122537  
Subject: Marriage Penalty Returns Date: 1/18/2013 5:54 PM
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If a married couple has two fairly high-earners, are they going to get clobbered with the new 2013 tax rates? If I read the new rates correctly here:

then I think my wife and I are going to be caught.

Say that in 2013 one of us makes $250K and the other makes $350K. I used the above tax brackets and did some simple calculations ignoring deductions, etc, and determined that we would pay about $19,000 more in taxes being married that filing as two singles.

Ouch. Tell me this is not the case. Married life is good and all, but $20,000! If we file separately can we avoid the penalty? Is divorce the answer? ("Honey, lets get a divorce and celebrate with lavish vacation!")

Samuel Clemens
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