Tax implications arise from the introduction of civil partnership. Attention to the fact that the tax system can require a single person to pay considerably more tax than a married couple that earns more, despite the high cost of living alone.
Now the tax advantage is also given to married couples with no dependent children and even married people who do not live together. The major beneficiaries of this anomaly are wealthy couples with no dependents.
This was unjust and that extending the tax benefits of marriage to civil partners would result in further disadvantageous treatment for singles.
The tax benefit to the “family unit” to recognize the cost of raising children and the social good of family life. In fact, the tax system barely recognizes families at all and only does so through a special tax credit for families headed by a single parent and a small credit for the stay-at-home spouse.
Believe that single people should be treated less favorably than married couples or civil partners where there are no dependent children involved. Proposed rates that were in effect in 2009 is 45% rate on all wealth above $3.5 million, or $7 million for married couples.
Now the tax advantage is also given to married couples with no dependent children and even married people who do not live together. The major beneficiaries of this anomaly are wealthy couples with no dependents.
This was unjust and that extending the tax benefits of marriage to civil partners would result in further disadvantageous treatment for singles.
The tax benefit to the “family unit” to recognize the cost of raising children and the social good of family life. In fact, the tax system barely recognizes families at all and only does so through a special tax credit for families headed by a single parent and a small credit for the stay-at-home spouse.
Believe that single people should be treated less favorably than married couples or civil partners where there are no dependent children involved. Proposed rates that were in effect in 2009 is 45% rate on all wealth above $3.5 million, or $7 million for married couples.
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