Re:New Mexico is first state in US to offer universal child ...
by stackskipton on Tuesday September 09, 2025 @12:22PM
(#45184283)
Sure and under income taxes, Couple B probably pays much less since US income tax structure is gives massive benefits to couples with single income. It may not be enough to offset joint income. As with most economic changes, there is massive web of things.
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Re:New Mexico is first state in US to offer universal child ...
by Ajedi32 on Tuesday September 09, 2025 @12:35PM
(#45184506)
> US income tax structure is gives massive benefits to couples with single income
It gives massive structural advantages to couples with low income, in the form of a lower marginal tax rate. Does it really discriminate between single and dual income though? I wasn't aware of that.
Re:New Mexico is first state in US to offer universal child ...
by WD-42 on Tuesday September 09, 2025 @02:09PM
(#45185954)
It does not. Filing jointly just saves some hassle in the case where the partners are in the same tax bracket.
Re:New Mexico is first state in US to offer universal child ...
by stackskipton on Sunday September 14, 2025 @11:01AM
(#45240263)
It does. If you look at the tax brackets, https://www.irs.gov/filing/federal-income-tax-rates-and-brac... Married Filing Jointly is good for anyone where income is vastly different.
Let's say you made 150k and partner made zero. If you were filing as single, high tax bracket you would get is 24% at everything past 100k. Married filing jointly, 22% at 94k. Also, you could borrow your spouse standard deduction as well to help reduce the tax requirements.