TD Bank to Pay Back Taxes LGBT Employ...

TD Bank to Pay Back Taxes LGBT Employees Pay for Domestic Partners

There are 6 comments on the www.southfloridagaynews.com story from Dec 6, 2012, titled TD Bank to Pay Back Taxes LGBT Employees Pay for Domestic Partners. In it, www.southfloridagaynews.com reports that:

TD Bank, based in Cherry Hill, N.J., announced this week that it will begin offsetting the tax burden that its LGBT employees pay for domestic-partner benefits. The bank said Wednesday that it would begin implementing the new pricing Jan. 1.

TD is the latest in a series of corporations that has moved to “gross up” their domestic-partner benefits. Fewer than 50 companies nationwide offer such a program.

Because of the federal and state Defense of Marriage Act, which prevents recognition of same-sex unions, people who have a same-sex partner on their health-insurance plan must pay additional taxes on the value of the benefits — taxes that married heterosexual couples are not subjected to.

Join the discussion below, or Read more at www.southfloridagaynews.com.

“I Am No One Else”

Since: Apr 12

Seattle

#1 Dec 6, 2012
Noe that's compassion for the species.
Mona Lott

West New York, NJ

#2 Dec 6, 2012
I loves me my TD Bank. They have the cutest tellers in town!

DNF

“Judge less, Love more”

Since: Apr 07

Born in Newark Ohio

#3 Dec 6, 2012
Now if we can find out who those other 50 companies are it would be great.

I feel that this info needs more publicity.

“Child of the Universe”

Since: Aug 09

Toronto, Ontario, Canada

#4 Dec 6, 2012
Seeing as TD is Toronto Dominion, a Canadian bank, I'm surprised they don't already do this across the board, as they do here.

I guess all businesses are the same - only do what you have to in any jurisdiction you operate in. Glad I'm not with them as a client!

“I Am No One Else”

Since: Apr 12

Seattle

#5 Dec 6, 2012
Leftatalbuquerque wrote:
Seeing as TD is Toronto Dominion, a Canadian bank, I'm surprised they don't already do this across the board, as they do here.
I guess all businesses are the same - only do what you have to in any jurisdiction you operate in. Glad I'm not with them as a client!
They may have and just kept it hushed to protect themselves, which would not be a problem. Thus, it's good news all around, and it just got better. So hey, enjoy the moment when you get to see real human compassion publicized in the US for once, it's such a rare thing.
Truth

Minneapolis, MN

#6 Dec 6, 2012
nice.

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