MARRIAGE PENALTY

MARRIAGE PENALTY

marriage penalty. Tax. The difference between the greater income-tax liability owed by a married couple filing a joint income-tax return and the lesser amount they would owe had they been single and filed individually. ? A marriage penalty exists whenever a married couple is treated disadvantageously under a tax code in comparison with an unmarried couple. Cf. MARRIAGE BONUS.
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.