Monday, November 9, 2009

The cost$ of being gay

The NY Times did a study to calculate how much it costs to be gay. Literally--given the disadvantages in tax benefits, pensions, etc.
It was much more complicated than we initially imagined, and that’s probably why we’ve never seen similar efforts. We looked at benefits that routinely go to married heterosexual couples but not to gay couples, like certain Social Security payments. We plotted out the cost of health insurance for couples whose employers don’t offer it to domestic partners. Even tax preparation can cost more, since gay couples have to file two sets of returns. Still, many couples may come out ahead in one area: they owe less in income taxes because they’re not hit with the so-called marriage penalty.....

Here is what we came up with. In our worst case, the couple’s lifetime cost of being gay was $467,562. But the number fell to $41,196 in the best case for a couple with significantly better health insurance, plus lower taxes and other costs.....

Nearly all the extra costs that gay couples face would be erased if the federal government legalized same-sex marriage.

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