If both spouses of a married couple earn roughly equivalent high levels of wages, the couple is likely to pay a marriage penalty due to the nature of the tax rate schedules.
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Q3: A marriage penalty occurs when a couple
Q4: The AMT exemption amount is phased out
Q5: All else equal, a reduction in regular
Q6: All capital gains are taxed at preferential
Q7: If a married couple has one primary
Q9: The alternative minimum tax system requires taxpayers
Q10: Due to the alternative minimum tax rate
Q11: Regular taxable income is the starting point
Q12: The alternative minimum tax (AMT)is the AMT
Q13: For alternative minimum tax purposes, taxpayers are
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