What is the Marriage Penalty?

 

Marital bliss can come at a cost when tax laws place higher rates on the combined incomes of married couples than they do on single individuals earning the same amount. McCombs professor Lillian Mills explores this concept in a simplified theoretical example brought to life through the scribble-tastic magic of LINGO.

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Mentioned in this Article

Lillian Mills

Chair and Professor, Department of Accounting McCombs School of Business, The University of Texas at Austin

Lillian Mills received her BA from the the University of Florida in 1980 and her Ph.D. from the University of Michigan in 1996. Her research...

About the Author

Kristen Maxwell

Digital Media Producer, McCombs School of Business

I tell stories with moving pictures and sound. Everything else is just details.