In 2018, Lisa and Fred, a married couple, have taxable income of $321,000. If they were to file separate tax returns, Lisa would have reported taxable income of $132,000 and Fred would have reported taxable income of $189,000. What is the couple’s marriage benefit?
| Tax payable, Filing jointly | 66099 | =64179+(321000-315000)*32% |
| Tax payable, Filing single: | ||
| Lisa | 25969.5 | =14089.5+(132000-82500)*24% |
| Fred | 42169.5 | =32089.5+(189000-157500)*32% |
| Total | 68139 | |
| Couple’s marriage benefit | 2040 | =68139-66099 |
In 2018, Lisa and Fred, a married couple, have taxable income of $321,000. If they were...