This time of year is the usual wrap-up of earnings, charitable contributions and taxes for most individuals and families working for a living in the US. For CPA's like my husband, thoughts turn to new IRS rules to abide by, and standards and codes to apply to situations. In a quiet new addition to the tax code, an absolutely catastrophic change has been implemented. Affecting the entire financial marketplace, not to mention the grave social, moral and family consequence that this new code imparts, the Internal Revenue Service (IRS) has restructured marriage and reality, replacing it with Sodom and Gomorrah indulgences and rewards for abhorrent behavior.
In a move that few American's are aware of, the IRS, along with the Department of the Treasury, ruled that same-sex couples, legally "married" in jurisdictions that recognize their "marriages," will be treated as married for federal tax purposes. From IRS.gov:
The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage.
The ruling implements federal tax aspects of the June 26 Supreme Court decision invalidating a key provision of the 1996 Defense of Marriage Act.
Under the ruling, same-sex couples will be treated as married for all federal tax purposes, including income and gift and estate taxes. The ruling applies to all federal tax provisions where marriage is a factor, including filing status, claiming personal and dependency exemptions, taking the standard deduction, employee benefits, contributing to an IRA and claiming the earned income tax credit or child tax credit.
Any same-sex marriage legally entered into in one of the 50 states, the District of Columbia, a U.S. territory or a foreign country will be covered by the ruling. However, the ruling does not apply to registered domestic partnerships, civil unions or similar formal relationships recognized under state law.
In reading the article cited above, we discover that homosexuals may also amend past returns to reflect the new married benefit under the tax code. Add to this, that the child tax credit, and Earned income credit (EIC welfare) is available, and we have a virtual financial train wreck of "gimme's" for a crowd so steeped in sin they demand the rest of us not only respect them, but adore them through a sanctioning of their behavior as normal and "God ordained."
This is going to cost an already bankrupt United States billions of dollars when tax advisers begin telling clients to amend past returns to gain full financial benefits. Tax returns can yield potential thousands of dollars for each amended return from past years, based on individual circumstances, and of course, there is that pesky thing about spitting in the face of an already abandoned God Almighty in this increasingly wicked nation. This system of Caeser has been tried before, and it will fail without the God of the Bible as the foundation.
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