Sandra Smith
Sandra Smith
Sandra Smith joined FOX Business Network as a reporter in October 2007.
Prior to joining FBN, Smith was an on-air reporter for Bloomberg Television. In this role, she covered U.S. equities and derivatives markets and contributed to breaking news and analysis.
Before Bloomberg, Smith was the Director of Institutional Sales and Trading at Terra Nova Institutional, where she handled investment management and hedge fund accounts. She also assisted in the development of program trading models for existing and prospective clients. Prior to this, she was a trader at Hermitage Capital, where she executed U.S. equities and options orders, conducted portfolio analysis, prepared commission reports and serviced clients.
A graduate of Louisiana State University, Smith began her career as a research associate at Aegis Capital. There, she assisted in the research and analysis of retail stocks, prepared weekly stock newsletters to clients and identified investment opportunities.
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."
