Gay Marriage Equality Economics: Estate Taxes

Since GOProud founders Jimmy LaSalvia and Chris Barron seem so misguided about how economics is tied to gay marriage equality, I thought a little education for them, and us all, was in order. From The Christian Science Monitor via msnbc:

ATLANTA — Three states where members of the clergy and justices of the peace today marry gay couples argued on Friday that it’s a violation of states’ rights for the federal government to then “unmarry” those people under the 1996 Defense of Marriage Act (DOMA).

In an amicus brief to a New York case involving a lesbian widow, Vermont, Connecticut, and [New York] argue that the federal government had no right, despite the federal designation of marriage as being between a man and a woman, to demand $350,000 in estate taxes when Edie Windsor’s partner died. That would not have happened under a marital tax deduction that lets other married couples pass their assets to their spouse without penalty.

Wow! Forced to pay $350,000 because your marriage isn’t equal. Sounds like a negative economic impact to me. But then, maybe the folks over at GOProud are using some type of new math that I’m unaware of and can educate us all on the economic benefits of not being equal citizens. LaSalvia?

Read the full msnbc article

Read more about the Edith Windsor case

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