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Take, for example, a 62 year-old high earner, named Sally, with a 66-year old low earner spouse, named Joe.
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Most important, when the high earner dies, the surviving spouse is allowed to collect 100% of the deceased's higher benefit.
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And if you are close to 60 and are thinking of marrying a low earner and, again, your ex was a high earner relative to you, waiting until 60 to remarry will at least secure your survivor benefits.
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Because the threshold for couples is less than double that for singles, the tax imposes a marriage penalty on couples with two high earners but gives a bonus to those with a high earner and a low- or non-earner.
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When a high income earner mentions high tax burdens, some will cry foul no matter how deftly he says it.
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And we are not in favor of extending the high-earner Bush tax cuts.
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Their focus is not so much with high income (say a high wage earner) as with complicated structures of business entities, trusts and assets.
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The return of the Pease Amendment, which limits the amount of itemized deductions a high-earner may take, has received little media attention because it is not as easy to explain or quantify as a change in tax rates.
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Retail banking might have been a nice earner, but their high-street operations are small and dreadful.
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But that same money disappears fast for a two-earner family in a high-cost city like New York, Chicago or Los Angeles, with three children approaching college age and parents who may need financial help.
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