Saturday, August 22, 2015

Gay couples quickly learning about the marriage penalty in tax code


The Wall Street Journal, in a Weekend Investor column on p. D7, has an interesting refresher “tax report” column by Laura Saunders, “Another reason not to marry”, link here
  
The Ninth Circuit in California continued to allow separate deductions for pricey homes from two gay men in a “domestic partnership” preceding marriage.  Saunders goes on to point out that with two partners of about equal earnings (and both ample), the law still discourages “marriage” which now will apply to gay couples, too.
  
So public policy could simply recognize no relationship except “marriage” as “family” not that gays have won it. 

 

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