I find it difficult to understand the difference between married filing jointly vs separately. As far as I understand filing jointly doubles the income bracket as well as the standard deduction. But at the end of the day isn't it just same as filing separately?
Let's say my taxable income is $10000 and my wife is also $10000, if we file jointly we pay ten percent in total which is $2000 but if we file separately we each pay $1000 now.
How is it really different than filing separately?
