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Single vs Married filing jointly
Not married yet, and curious about how MFJ works!! I make significantly more than my partner. Here's an arbitrary scenario using the 2021 tax brackets:
Single:
Me: falls into 32% tax bracket - earning170k
Partner: falls into 22% tax bracket - earning 50k
If we get married, our combine income will be 220k, so do we pay 24% in taxes per person? That would mean my partner will be paying more in taxes if we are MFJ...which seems wrong. Or is it something like this:
MFJ:
Me: falls into 22% tax bracket (instead of 32%) - earning170k
Partner: falls into the 12% (instead of 22%) - earning 50k
Thank you!
‎September 30, 2021
2:56 PM