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Fiscal Cliff could hurt Married Couples!!!!

Some couples receive tax bonuses, and some get tax penalties. Trying to game the system is generally a futile exercise.“The marriage penalty applies when a married taxpayer filing a joint return ends up paying more taxes than two individuals would earning the same amount of income.
For 2012, the marriage penalty is lower than prior years because of tax relief included in the Bush-era tax cuts. Without this provision being extended at year's end, the standard deduction will decrease in 2013, dropping to $9,900 from $11,900
The marriage tax relief is among the provisions set to expire Jan. 2 that, combined with automatic budget cuts, could trigger what is called the "fiscal cliff" unless Congress intervenes.Which is looking less likely by the day.Twenty-Four  days until this great nations falls off the fiscal cliff.

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