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Some couples may face a ‘marriage penalty’ under Biden’s tax plan

By Kate Dore at CNBC
Tue, May 04, 2021 at 1:35PM

Some couples may face a ‘marriage penalty’ under Biden’s tax plan

*President Joe Biden is proposing higher taxes on the top 1% to help pay for the $1.8 trillion American Families Plan.

*But the "marriage penalty" may hit couples earning more than $500,000

*Financial experts say tax planning strategies may lessen the sting.

 

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