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11-18-2012, 02:41 PM
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#1 |
 
Drives: 2011 Z06, 2004 Cobra, 1991 MR2Turbo Join Date: Dec 2011
Location: Delaware
Posts: 469
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marriage tax penalty
My wedding date will either be in Dec 2012 or Jan 2013.
Is there a ballpark combined income level where the marriage tax penalty kicks in? Thanks!
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11-18-2012, 03:02 PM
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#2 |
  
Drives: 2017 Corvette Grand Sport 3LT Join Date: Oct 2010
Location: Center of the known Universe
Posts: 863
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More so related to dependents and write-offs.
If you're gonna be DINKs for a while with no mortgage, you'll pretty much have to take comfort in the knowledge that you'll be contributing (way) more than your fair share. Our first year, we had to pay an additional $5K more than what either of us had put in separately. That was the in the mid 80s, btw. (that was about 1/2 of what we 'saved' for the future) |
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11-18-2012, 03:28 PM
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Quote:
 How come no one ever gets the groom the two wedding presents he needs most: vaseline and a bottle of Jack?? I got more serving dishes than I know what to do with...
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11-18-2012, 04:25 PM
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#4 | |
      
Drives: 2SS/RS Join Date: Sep 2008
Location: Western North Carolina
Posts: 7,411
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Quote:
- you both make roughly the same - if the combined taxable income is about $100k If your incomes are separated by a wide margin and you stay under that mark you should actually pay less then you would have if you filed separately. The best way to find out is to use a tax return calculator and do them as single and do another one as married filed jointly and see what the difference is. |
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11-18-2012, 04:29 PM
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2013 ZL1
Drives: 2013 ZL1 m6 Join Date: Oct 2010
Location: Avondale AZ & Indy will always be home
Posts: 870
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Quote:
 It is known that I only drink Jack and have several collector edition bottles so they were easy gifts for me. I am hoping that the taxes don't kill us as well, now that the wedding and all are over have been paid for.
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11-18-2012, 04:56 PM
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#6 |
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~COTW 6/30/14~
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Isn't marriage enough of a penalty
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11-18-2012, 05:51 PM
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#7 | |
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Drives: 2011 Z06, 2004 Cobra, 1991 MR2Turbo Join Date: Dec 2011
Location: Delaware
Posts: 469
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Quote:
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11-18-2012, 05:52 PM
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#8 | |
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Drives: 2011 Z06, 2004 Cobra, 1991 MR2Turbo Join Date: Dec 2011
Location: Delaware
Posts: 469
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Quote:
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11-18-2012, 06:01 PM
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#9 |
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B.O.D. 02/16/10
Drives: 2010 SGM Sp. Edition 2017 RS Conver Join Date: Jun 2010
Location: Albia,Iowa
Posts: 3,959
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1st marriage penaly-bye,byeZ06. 2nd-we need a family car,bye,bye Cobra. 3rd-Honey let's keep the MR2 it's cute!! J/K!!! Good luck you'll figure it out after the first year shock.
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11-18-2012, 08:09 PM
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#10 | |
Drives: 2010 Rally Yellow 2LT/RS Join Date: Feb 2011
Location: Western North Carolina
Posts: 857
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