February 1, 1999 03:45 PM | Permalink | 
One of the vexations of married life in America is the marriage penalty imposed by the Internal Revenue Code. Virtually all married couples pay the marriage penalty. That is, marital partners could expect to reduce their combined income taxes by getting a divorce and entering into a well-crafted support and property-settlement agreement. As a practical matter, few middle- and upper-income couples divorce or fail to marry simply to avoid an extra tax bite.
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