Showing posts with label Marriage Penalty. Show all posts
Showing posts with label Marriage Penalty. Show all posts

Thursday, July 16, 2015

Marriage Policy Is a Mess. Here’s How to Make Sense of It.



...If the government ever got out of the marriage business, we might suddenly find it much more in all of our family lives.

Friday, January 23, 2015

Obama tilts the scales against stay-at-home moms



Obama wants the tax code to take sides, tilting the scales towards working over staying at home. This is social engineering by Obama. - Timothy P. Carney/Washington Examiner @TPCarney

President Obama couldn’t come up with a middle-class tax agenda until his party had lost all control over the legislative branch. This suggests his new tax proposal is little more than meaningless political posturing. After all, if he really wanted these or similar tax cuts and tax hikes, Obama could have advanced them when his party controlled the House and the Senate.

Many commentators have correctly noted that this is the White House’s effort to frame the 2016 election in class-warfare terms. When the tax provisions of the president’s budget die on arrival, Democrats will respond that Republicans are protecting the wealthy at the expense of the middle class.

But rather than ignore Obama’s plan totally, it’s worth studying it as a statement of his values and the values of his party. Doing this, you see it's less class warfare and more culture war. One clear message of the president’s tax plan: Moms who stay at home with their children are less valuable than moms who work for pay.

Obama, alongside his tax hikes on the wealthy and on people who save for their children’s college, proposed tax cuts that go only to dual-income families.... KEEP READING

Sunday, October 27, 2013

Obamacare’s Threat to Marriage and America’s Civil Society

In addition to a tsunami of glitches in online enrollment, Obamacare is designed with a payment structure that undercuts marriage and the family - Heritage

The law is structured to provide less support to a husband and wife than it would to the same couple if they were cohabiting. In essence, it will tax married couples to fund the benefits it provides to couples who cohabit, divorce, or never marry. The impact of this discrimination will affect couples at every income level and creates a scenario in which couples’ wisest financial decision would be to divorce or forgo tying the knot....

Obamacare should be stopped and ultimately repealed before it takes its devastating toll on America’s civil society. Policymakers should also pursue policies and programs to promote and strengthen marriage and an intact family structure.

DRUDGE:
NO BID CONTRACT: Michelle Obama's Princeton classmate is executive at company that built Obamacare site...
Same Company in charge of distributing $2B in Hurricane Sandy Relief...ONLY 1.2 percent of the total funds has been given to victims of super storm Sandy
REPORT: 500,000 to Lose Health Plans in CA...
Sebelius 'laughingstock of America'...
Will testify 'before she's out the door'...
10 things Obamacare won't tell you...
Noonan: 'Stop the Whole Thing, Go Back to Point One'...
Spanish-Language Version Of Site Delayed 'Indefinitely'...
Pastor who banned fried chicken leads Mississippi push...
'Creepy Uncle Sam' returns! Will Halloween ad scare Millennials?

Wednesday, September 25, 2013

Obamacare’s ‘Cool Calculator,’ Part 2: The ‘Wedding Tax’

Better off divorced and shacking up. - Tom Blumer/PJMedia

In a September 13 email, Erin Hannigan of Organizing for Action’s “Truth Team” bragged about a “cool calculator from the nonpartisan Kaiser Family Foundation” showing how Obamacare’s “tax credits” work, and encouraged everyone to “share it on Facebook or Twitter.”

Obamacare’s opponents, especially those who advocate defunding it before it goes live, need to follow Hannigan’s suggestion, and even embed it on their websites and blogs. That’s because what Kaiser’s “cool calculator” really does is expose the statist health care regime’s three ugliest financial elements...

The third tragic outcome of Obamacare is what it will do to marriages and families. In January 2010, two months before Obamacare’s passage, the estimable Robert Rector at the Heritage Foundation gave the impact a name: the “wedding tax.”

...The “easiest” solution would be to avoid the “wedding tax” entirely by getting divorced while still living together. Here’s what would happen if they make that choice:


Click here for the full article

Monday, January 7, 2013

For High Income Earners, Time for a ‘Tax’ Divorce


Of all the known reasons for getting a divorce, we bet you never heard this one before. You both make too much money to stay together! - JACQUELINE LEO/The Fiscal Times

Sounds ridiculous, right? But the new fiscal cliff tax law that saved 99 percent of the country from massive tax hikes made a beeline for love-struck yuppies.

The new law raises taxes on couples making more than $450,000 and individuals making more than $400,000. When their accountant told them they may have to limit their deductions because of their joint incomes as well, they asked her to run the numbers and come up with an alternative.

At their next meeting, she presented them with two options—file as a married couple and pay the piper, or divorce and file as “single.” As it turns out, George and Martha would save over $27,000 a year if they divorced. And so they did. But they’re still together, in some ways closer than ever.

They started their own business geared to couples like them called “MisMatch.com.” They analyze people’s taxes based on marital status, types of investments, etc., and try to save people a bundle. George and Martha’s next step—design new software to compete with the big tax programs for people at all levels of the tax code….and be able to change it on a dime.