Brian Sullivan
Brian Sullivan
Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block.
Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus. He also frequently hosted the weekend interview program For the Record. Sullivan’s July 2007 special “Subprime Shockwaves” won the New York CPA Society Excellence in Financial Journalism award and was nominated for the Loeb Award for its early reporting on the impact of subprime mortgages on the housing market and economy.
Sullivan joined Bloomberg Television in 1997 and during his eleven years with the network, he served in various roles as a writer, editor, on-air reporter and stocks editor. In his anchor position, Sullivan interviewed prominent political and business leaders including Bill Gates, Warren Buffett, Larry Ellison, and Prince Alwaleed bin Talal. He also frequently speaks and moderates panels at events such as the Milken Institute Global Conference.
Prior to joining Bloomberg, Sullivan traded chemical commodities for Mitsubishi International. Born in Los Angeles, CA, he earned his bachelor’s degree in political science from Virginia Tech, certificate in journalism from New York University School of Continuing Education, and a law degree from Brooklyn Law School. Sullivan also races cars competitively in the Sports Car Club of America.
FOX Translator
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Sure, we know some of you are saying the term "marriage penalty" is redundant. In fact, of all the costs associated with getting married (have you seen the cost of a wedding cake lately?), the marriage penalty can be the worst.
Here's how it works: Mr. and Mrs. Right walk down the aisle in wedded bliss and suddenly they¿re a two-income household. If both make roughly the same amount of money, they can be pushed into a higher tax bracket. That's bad, since the higher the bracket, the higher the tax. So, if both were single, they'd end up writing two smaller checks to the tax man that, if combined, would add up to less than the giant check they write in a state of wedded bliss.
Is that fair? We're not touching that, but there is a flip side that few people talk about. The marriage penalty only kicks in if both members of the couple make close to the same amount of money. If there's a big disparity in pay, there's actually a tax advantage. Call it the marriage bonus.
And, it¿s important to remember that there are other financial benefits, such as lower life-insurance rates or health care premiums, that can make up for the extra tax couples pay. So don't let Uncle Sam stop you from saying, "I do."
