Money for staying married? Oklahoma lawmaker proposes incentive to stop divorce
OKLAHOMA CITY – You may have heard the saying, ‘ No happily married couple ever got divorced,’ but now an Oklahoma lawmaker wants to give you an incentive to stay married.
Rep. Tom Newell hopes a proposed income tax deduction will put a dent in our state’s high divorce rate.
The bill would allow couples to earn income tax deductions based on how long they’ve been married.
For example, couples married for three years would receive a $200 deduction.
Those married 15 years would get $1,000 off their taxes.
The proposed deductions go all the way up to 50 years of marriage, which earns a deduction of $2,400.
The House Appropriations Subcommittee on Revenue and Taxation voted to approve the bill on Monday.
It will now head to the full House Appropriations Committee.
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