Thank Financial Advisor for Highlighting That Gay Americans Pay More Taxes for Fewer Benefits

Target: Suze Orman

Goal: Commend Suze Orman for discussing the financial inequalities between same-sex marriages and heterosexual marriages.

Suze Orman recently highlighted the various financial advantages and tax breaks given to heterosexual married couples while gay couples face steep financial penalties. Although both hetero- and homosexual couples are paying relatively the same in taxes, benefits are severely skewed in favor of heterosexual couples.

Suze Orman is a financial consultant featured on CNBC and the author of numerous books on finance. She has been with her partner Kathy Travis for over 12 years and they share their assets equally. Because the federal government does not recognize their union legally, in the case of one of their deaths, before the living one would inherit the jointly owned assets, she would be responsible for an estate tax, a financial loophole which heterosexual couples do not have to jump through. In one case, the living descendant of a gay couple who had been together for 40 years was hit with a federal estate tax bill of over $300,000, which would never happen to a heterosexual couple who would be eligible for the unlimited marital deduction.

Often the argument against same-sex marriage stems from religion; that is to say, the sexual part of a same-sex relationship is what is debated. Opponents argue that reproductively, both male and female human beings are required to create offspring. Often the argument for same-sex marriage lies in the realm of anti-discrimination and human rights, the argument that everyone deserves the same rights to marriage and relationship. But it is not as often that the argument for equal financial rights is in the discourse of same-sex marriage. In today’s world, as the act of marriage becomes less important to relationships and having children is not a priority, financial duality has become essential to most married couples. Financial discrimination should be the final nail on the coffin of the argument against legalizing same-sex marriage.

Suze Orman is a self-made financial guru and a proud spokeswoman for the LGBTQ community. Recently she wrote an article featured on CNN highlighting the financial discrimination against same-sex couples as a new and important argument to support gay marriage.  Sign the petition below and thank Suze Orman for her brave outspoken article and highlighting discrimination rooted even within America’s financial institutions.

PETITION LETTER:

Dear Suze Orman,

Thank you for your article featured on CNN regarding financial discrimination, among social and civil discrimination, facing gay couples across America. Not only are same-sex couples facing paying federal estate tax for their partner’s assets, Social Security benefits are denied to same-sex partners, a complete act of discrimination on the federal level.

While most arguments against same-sex marriage tend to become religious in nature, your article simply showed the numbers regarding discrimination against gays. While money acts as power in American society, your article clearly shows the usurping of financial power from same-sex couples as an act of financial oppression. As you said, heterosexual couples receive these financial benefits without a second thought, while committed same-sex couples get financially dismissed.

Thank you for your call to action for the federal government. The Supreme Court needs to end discrimination against gay couples and find the federal Defense of Marriage Act unconstitutional.

Sincerely,

[Your Name Here]

Photo Credit: Martyna Borkowski via Flickr

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One Comment

  1. Robert Ortiz says:

    Thank you Suze for being a voice of truth, reason, logic and understanding!

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