JOURNAL OF ACCOUNTING AND FINANCE
The Marriage Tax Penalty in 2019
Author(s): Weldon Terry Dancer
Citation: Weldon Terry Dancer, (2020) "The Marriage Tax Penalty in 2019," Journal of Accounting and Finance, Vol. 20, ss. 7, pp. 11-18
Article Type: Research paper
Publisher: North American Business Press
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.