An excerpt from the NYT this morning, detailing some of the implications of the
IRS announcement:----- Gay couples can now plan for how
their financial lives will change when it comes to federal taxes, even though
big questions remain about benefits like Social Security and veterans’
benefits. The ruling applies to a broad range of tax rules where marriage comes
into play, and some will result in major savings. Some couples will no longer
have to pay thousands of dollars in taxes on the value of their spouse’s
health insurance, something their opposite-sex peers did not have to pay.
Individuals can inherit a spouse’s retirement account and other assets
without any extra tax implications. Nonworking spouses will be able to open an
I.R.A. on their spouse’s earnings record. And the list goes on.“The Supreme Court opened the door to nationwide recognition of same-sex
marriage, but the Internal Revenue Service swung it wide open,” said John
McGowan, who heads the lesbian, gay, bisexual and transgender practice at
Anything limiting taxes to the feds is good.
The war on marriage equality is over. Take it to the bank. That is not to say
that the anti-gay forces will not continue waging increasingly futile battles as
long as they can continue to fleece their supporters to pay certain individuals
6 and 7 figure salaries. Brian Brown, Maggie Gallagher and Frank Schubert come
quickly to mind. As Contrariusester correctly points out, the IRS
ruling IS a very big deal. If withholding 50 state equality weren't so
immensely unfair, the contortions that anti-equality folks use to couch their
arguments would provide great amusement. NO ONE has been able to
produce a single legally admissible shred of harm caused by gay marriage...
Nothing. Nada. Zip. Even the lead expert for the anti-forces in the Prop 8 case
had to testify under oath that individuals, families and society as a whole will
be better off with marriage equality the law of the land. Folks,
this is a matter the equal application of CIVIL law. Your religious prejudices
are irrelevant. SSM harms NO ONE, and benefits many. It is long past time when
the money and effort used against equality go to actually worthy causes.
@KDave --"It is a 2-way street. They will no longer be able to
claim, Single head of household. Many will lose the earned income
credit."You're missing the point.By issuing
this new tax rule, the Federal government is recognizing same-sex marriages
**across state borders**.They are applying the "full faith and
credit" principle of recognizing all same-sex marriages, no matter where
they were performed, even in states that do not currently permit same-sex
marriage within their borders.This further weakens the claims of
individual states that still wish to ignore marriages performed in other
jurisdictions. They will have an even harder time justifying their current
policies now that the Federal government is recognizing marriages that the
states ignore.As I said earlier -- it's another mortal blow to
marriage discrimination nationwide.
It is a 2-way street. They will no longer be able to claim, Single head of
household. Many will lose the earned income credit.
Keep on laughing worf Utah just got big trouble.
This is funny
"all legally married gay couples will be able to file joint federal tax
returns even if they reside in states that do not recognize same-sex
marriages.""This ruling assures legally married same-sex
couples that they can move freely throughout the country knowing that their
federal filing status will not change," Another mortal blow to
marriage discrimination nationwide.Great news. :-)