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RE: CNN.com - House passes tax cuts for married couples - Apr 28, 2004

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RE: CNN.com - House passes tax cuts for married couples - Apr 28, 2004
by Dolemite at 8:45 am EDT, Apr 29, 2004

w1ld wrote:
] ] WASHINGTON (AP) -- The House voted Wednesday to lower
] ] taxes for some married couples, part of an election-year
] ] push to lock in some of President Bush's most popular tax
] ] cuts.
] ]
] ] The bill, passed 323-95, would permanently change three
] ] parts of tax law that cause some married couples to pay
] ] higher taxes than they would as single individuals and
] ] reduce their taxes $105 billion over the next decade.
] ] Some married couples face a tax increase next year if the
] ] changes expire as scheduled.
]
] Always letting the single working people pick up the tab.

Well, not really. There had been a penalty for being married, such that Jane + John paid more taxes filing jointly than if they were "living in sin" and filing separately. It's not making us single filers pick up the tab.

On the other hand, giving a tax deduction for children is making the childless filers pick up the tab. I've always thought it would be a good idea to make the parents of children who are constantly in juvi also give up their tax deduction. Either that or structure it so that parents of children who have no negative impact on society an extra bit of deduction.

RE: CNN.com - House passes tax cuts for married couples - Apr 28, 2004


 
 
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