Released: January 20, 2013

Higher tax rates on top earners will pinch married couples faster than individuals

Source: Margaret Collins - The Washington Post

It pays to be single — that is, when it comes to high earners’ tax bills.

U.S. taxpayers with income of more than $200,000 a year will see federal tax rates rise this year on wages and investments. Tax increases will pinch married couples faster than individuals, especially if both spouses work and have capital gains and dividend income, said Joseph Perry, partner-in-charge of tax and business services at the accounting firm Marcum.

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