Collins pushing for
end to 'marriage tax penalty' Fayette
County's representative in the U.S. Congress is
pushing for Senate and presidential approval of a
House bill that proponents claim will equalize
the tax treatment of married and unmarried
Americans.
Ending
this inequity makes this an important bill to
married Americans, Rep. Mac Collins, R-3rd
District, said last week following House passage
of the Marriage Penalty Tax Relief Act of 2000.
The
bipartisan vote was 265 to 159. Collins urged the
president and Senate to end tax rules which
hit married couples harder than unmarried couples
who earn the same income.
The
difference is estimated to average $1,300 per
couple, according to the Heritage Foundation.
If two people are unmarried and earn
$30,000 each, they will each be taxed at the 15
percent tax rate, said the Hampton
Republican. If they are married, their
income is taxed at the $60,000 tax bracket, which
is 20 percent.
The
new act will extend the lower tax bracket so
fewer working families will be pushed into a
higher tax bracket, he said.
The
new act also changes tax rules regarding
deductions. Under present law, each unmarried
person currently can claim the full standard
deduction on his or her salary. Once married,
each person gets only 75 percent of the standard
deduction.
Like
144,000 other taxpayers in the 3rd District of
Georgia, I have a wedding band, Collins
said on the floor of the House as he urged his
colleagues to vote for the measure. It is a
symbol of my marriage, but to the IRS, this ring
is an excuse to raise more revenue. That's not
right.
I
would have preferred that we made the tax relief
effective for the tax year of 2000, instead of
tax year 2001, so families would get immediate
relief, Collins said on the floor of the
House, adding he wants to see faster
implementation added before the bill arrives on
the president's desk for signature.
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