What happens tax-wise when one becomes a widow?
In this episode I show you the insanity of the tax code for widow. She loses 18% income and yet her taxable income goes up by 14k.
Only in the American tax code does this make any sense.
Yet, there it is. Income down. Taxable income up. Taxable income up. Taxes up.
Good work folks in Congress. You REALLY care about the little guy(lady) on the lower end of the tax scale!