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Old 04-25-2007, 09:00 PM   #11
Indy Coug
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My wife was on the verge of becoming gainfully employed again, until the Ninja Stork struck.

Junior arrives in 6 weeks.
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Old 04-25-2007, 09:09 PM   #12
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Quote:
Originally Posted by MikeWaters View Post
Throwing this out to everyone. Except SeattleUte whom we already know makes less than his wife.

I read a news report from Japan that a guy committed suicide when his wife started making more money than him.
When the kids get to grade school my wife wants to be CRNA (another 4 years) ... When she finishes that she has the potential to make a lot more than me.
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Old 04-25-2007, 09:09 PM   #13
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Originally Posted by Indy Coug View Post
My wife was on the verge of becoming gainfully employed again, until the Ninja Stork struck.

Junior arrives in 6 weeks.
May he be blessed with his mother's intellect.

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Old 04-25-2007, 09:20 PM   #14
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Originally Posted by SeattleUte View Post
My wife makes slightly less than me but net out the alimony I pay and she makes substantially more. Alimony is not taxable income, it's not even a deduction. Waters probably thought that was a jab, but it's not to me. She's also 14 years younger than me, so, yes, she's a superstar.
Are you certain?

In our state, child support payments are not deductible for the payer and not recorded as income for the recipient, but I have always been informed that alimony is income and tax deductible for the payer.

I believe I might even be able to find a code section on that.

And I'm with you, I'm all ready to be a kept man.
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Old 04-25-2007, 09:38 PM   #15
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I have no idea what she even makes but I know I make more. We have a deal where the money I make is our money and the money she makes is her money. I think next time I marry for money.
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Old 04-25-2007, 09:46 PM   #16
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Are you certain?

In our state, child support payments are not deductible for the payer and not recorded as income for the recipient, but I have always been informed that alimony is income and tax deductible for the payer.

I believe I might even be able to find a code section on that.

And I'm with you, I'm all ready to be a kept man.
I said alimony. I pay CS too, and that's not deductible. My ex, like your wife, had no career. It sucks. Two more years.
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Old 04-25-2007, 09:50 PM   #17
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My wife makes nothing, therefore i make slightly more than she does.

Before she had our child she worked and did pretty well, i miss having two incomes. Of course my wife is a lot like archaeas wife (at least from his description) she is trying to live her champagne and caviar dreams on a costco hotdog and can soda budget.
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Old 04-25-2007, 09:51 PM   #18
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Originally Posted by SeattleUte View Post
I said alimony. I pay CP too, and that's not deductible. My ex, like your wife, had no career. It sucks. Two more years.
Go back and read what you said about alimony to see why I queried you.
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Old 04-25-2007, 09:58 PM   #19
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Originally Posted by Archaea View Post
Go back and read what you said about alimony to see why I queried you.
Now I read your post more closely.

Your information is wrong as to federal taxation. Alimony is taxable to the recipient not the payor. So in a sense, the federal government helps finance expensive divorses, especially if the alimony recipient lives in a house with a big mortgage and and the mortgage deduction knocks out a chunk of income taxes on the alimony. You may be talking about state tax. We don't have that here.
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Old 04-25-2007, 10:03 PM   #20
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My wife works part time, but if she worked full time, it would be close. I told her if she can show that she will make more than me, I would be happy to stay home with the kids. I think she will continue to work part time (she does it mainly because she enjoys staying active...and our two kids are watched by their cousin a few afternoons a week).

Hopefully one day I can be a stay at home dad and work on my dance moves to match the Swayze.
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