Marriage benefits were designed to support the biological children and the mothers who nutured them."Marriage Ruling Could Save Same-Sex Couples Thousands"
By Blake Ellis, CNN Money March 26, 2013
Should the Supreme Court overturn a federal law that defines marriage as solely between a man and a woman, some married same-sex couples will save $8,000 or more in income tax, a new analysis finds.
This week, the court will hear a case challenging the Defense of Marriage Act, a 1996 law that prevents same-sex couples from receiving more than 1,000 federal benefits that opposite-sex married couples receive.
This includes the right to file federal taxes jointly -- which, depending on income, gives some married filers a "bonus" of thousands of dollars, while penalizing others.
A same-sex couple with combined income of $100,000, in which one person earns $70,000 and the other makes $30,000, currently pays an extra $1,625 per year by filing separately rather than jointly, according to an analysis H&R Block conducted for CNNMoney. The calculations assume a standard deduction, no children and no tax credits.
The extra tax liability jumps to nearly $8,000 when one spouse earns all $100,000 and the other reports no income. In this case, couples filing jointly owe tax of $11,858, while a same-sex couple filing separately owes $19,585 -- a 65% difference.
Another major tax issue at stake in the DOMA case is the estate tax. Currently, surviving spouses in federally-recognized marriages don't have to pay taxes on their deceased spouse's estate, while same-sex widows pay a 35% estate tax on anything in excess of a $5 million exemption.
(read more here: http://money.cnn.com/2013/03/26/pf/taxes/same... )
Gay couples not only don't qualify for those benefits, they don't need them. Nor is it right that they deplete the resources for those who do.
Man up VV. Being a queen is only pretend!