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Old 08-16-2008, 01:07 PM
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Does the Social Security impose a Marriage Penalty when both spouses require?

There is some confusion and misconception that when a husband and wife retire the "Social Security imposes a "marriage penalty".

However, this is a myth and the Social Security Administration Department has stated that the Social Security imposes no such "marriage penalty" and as a matter of fact, when two members of a couple require, they are each entitled on their own earnings record.

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Old 02-20-2013, 01:18 AM
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marriage penalty

The marriage penalty sometimes affects the amount of federal income tax older couples pay on Social Security benefits. So newlyweds and already-weds should be aware of the marriage penalty, where the tax implications of legal marriage mean paying more. Who will pay it modifications year-to-year, thanks to modifying tax codes, but there are ways to determine if that's coming down the pike. It could take money so “You can APPLY NOW for installment loans for bad credit" installment loan to pay for your taxes this year, especially if you just got married.



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