INCOME SPLITTING
The right, created by provisions of federal tax laws, given to married couples who file joint returns to have their combined incomes subject to an INCOME TAX at a rate equal to that which would be imposed if each had filed a separate return for
one-half the amount of their combined income.
Income splitting was devised as a result of
legislation enacted by Congress in 1948 to
equalize the federal taxation of married couples
who lived in common-law states and who paid
higher taxes than couples who lived in COMMU-
NITY PROPERTY states and, as a result, have the
