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Well it's a new year and time to fill out a new W-4 to reflect numerous life changes over the last year. The new wife (one of the life changes) and I sat down and filled out the first page of the W-4, and wound up figuring 3 exemptions for me and 2 for the wife (we both work).

Then we noticed at the bottom, "For accuracy, complete all worksheets that apply." This included the "Two-Earner/Two-Job Worksheet on Page 2". So we filled this sucker out, and it revealed that we should not only be not claiming any exemptions, but we should be asking our employer to withhold an extra $200 each! "Egads," we thought. "This can't be right." Can it? Obviously these worksheets don't take into account everyone's situation, but is it possible that the typical married couple really pays this much tax, or is this in an absolute worst case scenario?

Thanks for any help, this will really require altering our budget somewhat :)

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