The following excerpt is from an article that originally appeared on Hit and Run Reason
In honor of the one day every year when even the most wonkish tax policy nerds can set aside the calculators and spreadsheets for a bottle of wine and some red roses, here’s some cold, hard, unemotional data about the financial consequences of government-recognized matrimony.
The upshot: If you earn about the same income as your would-be spouse, your bank account will be better off if you don’t get married.
According to a new analysis from the Tax Foundation, couples who earn roughly the same amount of money are most likely to face a tax penalty for getting hitched, and couples at both ends of the income spectrum are more likely to be penalized for tying the knot than middle-income earners.
For example, two people who each earn $15,000 and are jointly raising one child would end up paying more than $600 in extra federal taxes if they getpost was originally published on this site