Windy City Media Group Frontpage News

THE VOICE OF CHICAGO'S GAY, LESBIAN, BI, TRANS AND QUEER COMMUNITY SINCE 1985

home search facebook twitter join
Gay News Sponsor Windy City Times 2021-12-08
DOWNLOAD ISSUE
Donate

Sponsor


  WINDY CITY TIMES

Suze Orman discusses taxes, marriage inequality
by Matthew C. Clark
2013-04-17

This article shared 4991 times since Wed Apr 17, 2013
facebook twitter pin it google +1 reddit email


Over the past few months, many couples have been preparing their taxes. As the deadline to file passed this month, many LGBT couples were reminded of the difficulties that face in not being recognized the same way as heterosexual couples.

On April 15, the deadline for filing income taxes, the Respect for Marriage Coalition held a teleconference with MSNBC Host Suze Orman and other tax experts about the challenges married same-sex couples face when preparing their taxes.

Orman pointed out that in states that allow same-sex marriage, couples must file twice, jointly with the state government and independently with the federal government.

Orman also said that in order for a spouse in a same-sex relationship to provide health insurance for their partner, they can be subject to anywhere from $1,000 to $7,000 a year in taxes that heterosexual married couples are exempt from.

Orman also mentioned the disparities in estate taxes, and savings plans such as ROTH IRAs.

"There is such discrimination, from insurance benefits, social security benefits," Orman said.

Orman said that the forms of social discrimination we face in our society are enough of a challenge for LGBT couples.

"The financial discrimination really, really adds injury to insult," she added.

Orman—who married her wife, Kathy Travis, 13 years ago—said she has never hidden her relationship with her wife from her family. Still, she says many of the children in her extended family will ask their parents, and other aunts and uncles, about their weddings, how they met, and details of their relationship, without asking Orman or Travis.

The primary challenge made in United States v. Windsor, one of the recently heard Supreme Court cases, concerned Section 3 of the Defense of Marriage Act (DOMA), and whether it violates equal protection under the law for legally married same-sex couples.

The plaintiff in the case, Edith Windsor, is specifically arguing that the federal estate tax of more than $300,000 she owed from her deceased wife's estate does violate equal protection.

Orman said that the overturn of DOMA in every state is essential.

Elda Di Re, a partner and personal financial services leader for Ernst & Young LLP, said that while there are a number of inequalities, if DOMA is overturned, there could be an opportunity to go back and file claim on previous returns.

The Internal Revenue Service (IRS) has a three-year statute of limitations for refunds and audits.

Di Re said it is impossible to know how the IRS will adjust to any decision made by the Supreme Court, and pointed out that two individuals who are married and earning income is not always advantageous from a tax-paying standpoint.

She said making amended returns option but not required, giving those who would have to pay more taxes the option not to, would be the most payer-friendly outcome.

Mark Maxwell and Timothy Young-Maxwell are a gay couple living in North Carolina. They've adopted four boys, and Maxwell is self-employed. The couple said the money they're spending on Maxwell's health insurance could go towards a mortgage payment or college savings for their children.

Maxwell also mentioned that because of North Carolina adoption law, the two are not able to share custody of their sons, and each has two in their name.

"We are legal strangers to two of our children," he said.

Orman said that if DOMA is, in fact, repealed, it should be the responsibility of gay couples to seek equal treatment in states that allow same-sex marriage.

"If there is a step backwards in North Carolina, I think there need to be a step forward for gay couples to think about if they want to stay in that state," she said.


This article shared 4991 times since Wed Apr 17, 2013
facebook twitter pin it google +1 reddit email

  ARTICLES YOU MIGHT LIKE

Gay News

Revry's Black History Month of LGBTQ-First Films and Series celebrates Black stories
2022-01-20
-- From a press release - Los Angeles - This Black History Month, Revry is programming LGBTQ-first Black stories with themes from the differently-abled, LGBTQ athletes, activists and the lesbian, trans and the cis-gender lesbian community. Over 35% of Revry's audience is ...


Gay News

Nominations announced for 33rd Annual GLAAD Media Awards
2022-01-19
-- From a press release - New York, NY - Wed., Jan. 19, 2022 - GLAAD, the world's largest lesbian, gay, bisexual, transgender, and queer (LGBTQ) media advocacy organization, today announced the nominees for the 33rd Annual GLAAD Media Awards. RuPaul's Drag ...


Gay News

Human Rights Campaign Foundation releases new data on the LGBTQ+ wage gap
2022-01-19
-- From a press release - WASHINGTON — Today, the Human Rights Campaign Foundation, the educational arm of the Human Rights Campaign, the nation's largest lesbian, gay, bisexual, transgender and queer (LGBTQ+) civil rights organization, released ...


Gay News

Nat'l Black Justice Coalition celebrates openly LGBTQ+/SGL NAACP Image Award nominees
2022-01-18
-- From a press release - The National Black Justice Coalition (NBJC) celebrates the historic number of openly Black lesbian, gay, bisexual, transgender, queer+, and same-gender loving (LGBTQ+/SGL) nominees for the NAACP Image Awards. The Image ...


Gay News

WORLD Archbishop demoted, Israel ruling, Denmark petition, tennis icon
2022-01-16
Pope Francis demoted Archbishop Giacomo Morandi, the number-two official in the doctrine office, due to the belief that he is responsible for the controversial document that bars blessings for same-sex couples, according to Newsweek. Morandi is ...


Gay News

PASSAGES Veronica Drake
2022-01-13
Veronica Drake—a onetime Chicago resident and longtime LGBTQ+-rights activist—recently passed away in October. She was 58. She last resided in Florida. According to an obituary at Marvin C. Zanders Funeral Home, Inc., Drake was born Sept. 15 ...


Gay News

POLITICS Laura Ricketts co-chairing Valencia's finance committee
2022-01-13
Laura Ricketts—a co-owner of the Chicago Cubs, along with her family, and a leader in the LGBTQ+ community—is co-chairing the finance committee of Illinois secretary of state candidate Anna Valencia, according to the Politico Illinois Playbook. ...


Gay News

LGBTQ+ and BIPOC Youth Led Study on Youth and Young Adult COVID-19 Vaccination Finds Surprising Results
2022-01-10
—From a news release - BOULDER, CO - Out Boulder County in partnership with El Centro AMISTAD and Unwoven Ventures with the leadership of Lesbian, Gay, Bisexual, Transgender, and Queer (LGBTQ+) and Black, Indigenous, and People of Color (BIPOC) youth created ...


Gay News

Skydeck Chicago announces Valentine's Day 'Love on The Ledge' contest
2022-01-05
Skydeck Chicago has announced its annual "Love on The Ledge" social media contest. The event at the Willis Tower observation deck gives adventurous couples of all backgrounds the chance to tie the knot or renew their ...


Gay News

A look at Northalsted/Boystown bars since 2020 town hall on racism
2021-12-30
Video below - Zola Chatman began her drag career in 2018 at a drag brunch at Kitchen 17, a local vegan restaurant. Chatman, a Black trans woman from Chicago, entered the drag world thinking she was joining a supportive ...


Gay News

Virtual discussion about Amigas Latinas to take place Jan. 29
2021-12-24
A virtual discussion about the now-defunct but groundbreaking organization Amigas Latinas will take place Saturday, Jan. 29, at 2 p.m. Amigas Latinas founders Mona Noriega and Evette Cardona, and former Amigas Latinas board member Lourdes Torres ...


Gay News

'Real Housewife' Julia Lemigova talks about Miami Housewives, miniature cattle
2021-12-24
The Real Housewives of Miami finally has an out and proud member of the LGBTQ+ in the main cast with Julia Lemigova. (She's the franchise's second such cast member, following The Real Housewives of Orange County's ...


Gay News

Debra Shore reflects on new role in EPA, past accomplishments
2021-12-22
In October, President Joe Biden appointed Debra Shore to be the next Region Five Administrator for the Environmental Protection Agency (EPA), representing six states in the Midwest and the lands of 35 federally recognized tribes. Shore—who ...


Gay News

Filmmaker B. Danielle Watkins discusses her 'Higher Spirit'
2021-12-22
Although lesbian filmmaker/screenwriter/author B. Danielle Watkins has now made two films about Christmas, she admitted she really doesn't like movies that center on the holiday. "My best friend and business partner, Onyx Keesha, loves them," Watkins ...


Gay News

Affinity's annual Burning Bowl postponed until March
2021-12-22
Affinity Community Services—a Chicago social-justice organization serving the needs of the Black LGBTQ+ community, with a particular focus on Black women—is postponing its annual Burning Bowl ceremony until March 2022. A note read, "Due to t ...


 



Copyright © 2022 Windy City Media Group. All rights reserved.
Reprint by permission only. PDFs for back issues are downloadable from
our online archives. Single copies of back issues in print form are
available for $4 per issue, older than one month for $6 if available,
by check to the mailing address listed below.

Return postage must accompany all manuscripts, drawings, and
photographs submitted if they are to be returned, and no
responsibility may be assumed for unsolicited materials.
All rights to letters, art and photos sent to Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago
Gay and Lesbian News and Feature Publication) will be treated
as unconditionally assigned for publication purposes and as such,
subject to editing and comment. The opinions expressed by the
columnists, cartoonists, letter writers, and commentators are
their own and do not necessarily reflect the position of Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago Gay,
Lesbian, Bisexual and Transegender News and Feature Publication).

The appearance of a name, image or photo of a person or group in
Nightspots (Chicago GLBT Nightlife News) and Windy City Times
(a Chicago Gay, Lesbian, Bisexual and Transgender News and Feature
Publication) does not indicate the sexual orientation of such
individuals or groups. While we encourage readers to support the
advertisers who make this newspaper possible, Nightspots (Chicago
GLBT Nightlife News) and Windy City Times (a Chicago Gay, Lesbian
News and Feature Publication) cannot accept responsibility for
any advertising claims or promotions.

 
 

TRENDINGBREAKINGPHOTOS







Sponsor
Sponsor


 



Donate


About WCMG      Contact Us      Online Front  Page      Windy City  Times      Nightspots      OUT! Guide     
Identity      BLACKlines      En La Vida      Archives      Advanced Search     
Windy City Queercast      Queercast Archives     
Press  Releases      Join WCMG  Email List      Email Blast      Blogs     
Upcoming Events      Todays Events      Ongoing Events      Bar Guide      Community Groups      In Memoriam      Outguide Categories      Outguide Advertisers      Search Outguide      Travel      Dining Out      Privacy Policy     

Windy City Media Group publishes Windy City Times,
The Bi-Weekly Voice of the Gay, Lesbian, Bisexual and Trans Community.
5315 N. Clark St. #192, Chicago, IL 60640-2113 • PH (773) 871-7610 • FAX (773) 871-7609.