Definitions for "marriage penalty"
A consequence of the current tax system which results in most married people...
Occurs when a couple filing joint returns experiences a greater tax liability than they would have if each of the two people were to file as single individuals; results from provisions throughout the federal income tax code designed to tax household income-whether the household consists of a married couple filing jointly or a single individual.
A tax that has the effect of penalizing a married couple because they pay more tax on a joint tax return than they would if they file tax returns individually.
mortgage interest deduction municipal investment trust