Under the current taxation system in Switzerland, a married couple has to pay tax as a single entity. In cases where both husband and wife work, incomes are added together and taxed jointly rather than individually, as is the case for couples that live together. Up to now, direct federal taxation has penalized working married couples. For example, in a couple where the man has a taxable income of SFr 60,000 while his partner earns SFr 40,000, if the couple are not married, the man pays taxes of SFr 849 and the woman SFr 284 - a total of SFr 1,133 per year.
If this same couple are married, they pay tax on their combined income of SFr 92,400 (SFr 100,000 – SFr 7,600 tax deduction) - which adds up to a total of SFr 1,969.
The Swiss Parliament has agreed, today, to allow a maximum of SFr 12,500 ($9,975) of a married couple's joint income to be tax deductible, doing away with married couple tax discrimination.
I have a feeling that Swiss visits to Vegas will be picking up in the next few months.
Article is here.
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