[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-321989-105":59,"doc-detail-321989-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","tax-disparity-marriage-tax-and-new-voters-in-72-finance-facts","TAX DISPARITY - Marriage Tax and New Voters in '72 - Finance Facts","","Monthly consumer finance coverage focusing on federal tax impacts and voter-age changes in 1971-1972. Explains how new income tax rate schedules affect married couples versus single taxpayers, including “marriage tax” calculations and guidance to time marital status around taxable-year boundaries. Summarizes the expansion of the presidential electorate after the 1970 Voting Rights Act Amendment lowering the voting age to 18, then connects demographic context with consumer credit, household durable spending, and industrial production indicators.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/tax-disparity-marriage-tax-and-new-voters-in-72-finance-facts/321989/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/tax-disparity-marriage-tax-and-new-voters-in-72-finance-facts/321989.png","ImageObject",300,407,{"name":92,"@type":93},"Sage","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-05","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",14,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"How do the 1971 federal income tax rate schedules affect married couples compared with single taxpayers?","Question",{"text":113,"@type":114},"The text states that new 1971 income tax schedules create hardships for married working couples, and the situation worsens in 1972. It compares payments for similar incomes under married versus single filing to show a disparity.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What does the document say about when to marry to reduce tax impact?",{"text":118,"@type":114},"It advises postponing marriage until after the end of a taxable year, or if contemplating divorce, getting it before the end of a taxable year. It notes that marital status for the entire taxable year is determined by the last day of the year and state law.",{"name":120,"@type":111,"acceptedAnswer":121},"Why were there exceptionally many new voters in the 1972 presidential election?",{"text":122,"@type":114},"The document attributes the large number of new voters to the Voting Rights Act Amendment of 1970, which lowered the national election voting age to 18 in all states after January 1, 1971.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},321989,1790013618,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":19,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":52,"preview_page_count":4},687197207057,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","Prarided as a publie service  \nby the Finnce and Loan  \nCampanies of the U.S.  \nAny or all the material in this publication may he quoted or reproduced.  \n# TAX DISPARITY\n\nNew Federal income tax rate schedules for 1971 create hardships formarried working couples and the situation worsens in 1972,accordingto Commerce Clearing House.This is the net effect of a general de-crease in rates for single taxpayers.For example,two married peoplewith no dependents,each earning $3,000 for a total of $6,000 wouldpay $556 for 1971.(All examples assume standard deductions per-mitted.)Two single persons with similar incomes would pay a totalof only $386.Two individuals,each earning $7,500,would pay a totalof $2,136 if single,but $2,297 if married.  \nGreater discrepancy in the fax situation arises if one of two about-to-be-marrieds is head of a household.Suppose that a widower with twominor children and an income of $25,000 a year is planning to marrya woman with no dependents,who makes $10,000 a year.If theymarry and file a joint return,their tax will be $8,192,assuming that thestandard deduction is used.If they do not marry,their combinedtotal tax would be $6,913.Thus,the “marriage tax”in this case is  \n$1,279.  \nIt is sound tax advice to postpone marriage until after the end of a tax-able year,or if married and contemplating a divorce to get it beforethe end of a taxable year,according to Commerce Clearing House.Under the law,the marital status of two individuals for the entiretaxable year is as of the last day of the year,and is determined bystate laws.  \n# NEW VOTERS IN '72\n\nMore than 25million young people under the age of 25 will be old enoughto vote for President for the first time in the November 1972 Presiden-tial election.About 11 million of these new voters will be 18 to 20years of age and about 14 million will be 21 to 24 years of age.Theexceptionally large number of new voters is the result of the VotingRights Act Amendment of 1970 which lowered the voting age in na-tional elections to 18 in all states after January 1,1971.  \nNew age-eligible voters for President will comprise 18.4%of the total pop-ulation of voting age.States with the highest percentage of eligibleyoung voters are Utah(23.2%),Hawaii(23.0%),South Carolina(22.2%),Colorado and North Carolina(each 21.1%),and the District of Colum-bia(212%).States with the lowest percentage of eligible young votersare Florida and New Jersey(each 15.8%),Alaska(16.0%),Pennsylvania(16.4%),New York(16.6%),and Connecticut(16.9%).  \nMajority of the current group of 18 to 25 year olds are not enrolled inschool but are high school graduates,and more than half are single.  \n# FINANCE FACTS\n\nA Monthly Publication on Consumer Financial Behaoior  \nMARCH 1972  \n18 to 24 year olds as aper cent of residentpopulation 18 years ofage and over.March 1971  \nFINANCE FACTS  \nMARCH 1972  \n# Industrial Production\n\nIn March 1971,31%of the persons 18 to 24 years old had completedone or more years of college.More than half of the new age-eligiblevoters will be in the labor force,and about two-thirds will live in metro-politan areas.  \n## CONSUMER CREDIT\n\nConsumer installment credit outstanding rose $900 million in Decemberon a seasonally adjusted basis.The increase was considerably lessthan the record advance of $1.27 billion in November,primarily be-cause of smaller gains in automobile credit and personal loans.How-ever,growth in nonautomotive consumer goods credit reached a newhigh for the second month in a row.For the full year 1971,installmentcredit outstanding increased $8.4 billion,up sharply from the $3.0billion rise in 1970,but somewhat below the record $9.0 billion advancein 1968.  \nOf total $137.2 billion consumer credit outstanding at end December,$27.7 billion was noninstallment.Of the $109.5 billion installmentcredit,$38.3 billion was for automobiles,$32.4 billion was for otherconsumer goods,$34.4 billion was in personal loans,and $4.4 billionin home repair and modernization loans.  \n## HOUSEHOLD ","cbCaioDshpvUdT4s","https://ap.wps.com/l/cbCaioDshpvUdT4s","pdf",1425594,"English","# TAX DISPARITY\n# NEW VOTERS IN '72\n# FINANCE FACTS\n## CONSUMER CREDIT\n## HOUSEHOLD DURABLES\n## INDUSTRIAL PRODUCTION\n## CONSUMER FINANCIAL BEHAVIOR","[{\"question\":\"How do the 1971 federal income tax rate schedules affect married couples compared with single taxpayers?\",\"answer\":\"The text states that new 1971 income tax schedules create hardships for married working couples, and the situation worsens in 1972. It compares payments for similar incomes under married versus single filing to show a disparity.\"},{\"question\":\"What does the document say about when to marry to reduce tax impact?\",\"answer\":\"It advises postponing marriage until after the end of a taxable year, or if contemplating divorce, getting it before the end of a taxable year. It notes that marital status for the entire taxable year is determined by the last day of the year and state law.\"},{\"question\":\"Why were there exceptionally many new voters in the 1972 presidential election?\",\"answer\":\"The document attributes the large number of new voters to the Voting Rights Act Amendment of 1970, which lowered the national election voting age to 18 in all states after January 1, 1971.\"}]","TAX DISPARITY - Marriage Tax and New Voters in '72 - Finance Facts | PDF",1789960758]