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After 13 years, mom gets $66,000 in child support



 
 
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  #21  
Old June 12th 04, 02:28 PM
Moon Shyne
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month plus
1600 in alimony. 2200 dollars a month in tax free income for her.


Alimony is not tax free - the recipient pays the taxes on it.


  #22  
Old June 12th 04, 02:28 PM
Moon Shyne
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month plus
1600 in alimony. 2200 dollars a month in tax free income for her.


Alimony is not tax free - the recipient pays the taxes on it.


  #23  
Old June 12th 04, 05:56 PM
Bob Whiteside
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"Moon Shyne" wrote in message
...

"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month plus
1600 in alimony. 2200 dollars a month in tax free income for her.


Alimony is not tax free - the recipient pays the taxes on it.


The wage earner pays the payroll taxes.

When there is a great disparity of income between the parties often times
the SS recipient is awarded family assets (like the family home) that
generate tax deductions. So in practice, while the SS is taxable to the
recipient, no taxes are paid because the deductions plus the child
exemptions offset the taxable amount received.


  #24  
Old June 12th 04, 05:56 PM
Bob Whiteside
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"Moon Shyne" wrote in message
...

"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month plus
1600 in alimony. 2200 dollars a month in tax free income for her.


Alimony is not tax free - the recipient pays the taxes on it.


The wage earner pays the payroll taxes.

When there is a great disparity of income between the parties often times
the SS recipient is awarded family assets (like the family home) that
generate tax deductions. So in practice, while the SS is taxable to the
recipient, no taxes are paid because the deductions plus the child
exemptions offset the taxable amount received.


  #25  
Old June 12th 04, 05:56 PM
Bob Whiteside
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"Moon Shyne" wrote in message
...

"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month plus
1600 in alimony. 2200 dollars a month in tax free income for her.


Alimony is not tax free - the recipient pays the taxes on it.


The wage earner pays the payroll taxes.

When there is a great disparity of income between the parties often times
the SS recipient is awarded family assets (like the family home) that
generate tax deductions. So in practice, while the SS is taxable to the
recipient, no taxes are paid because the deductions plus the child
exemptions offset the taxable amount received.


  #26  
Old June 12th 04, 10:48 PM
Moon Shyne
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"Bob Whiteside" wrote in message
link.net...

"Moon Shyne" wrote in message
...

"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month plus
1600 in alimony. 2200 dollars a month in tax free income for her.


Alimony is not tax free - the recipient pays the taxes on it.


The wage earner pays the payroll taxes.


The wage earner deducts all alimony from his income when doing his tax return,
thereby reducing his taxible income. The recipient has to declare all alimony
as income, thereby raising her taxible income.


  #27  
Old June 12th 04, 10:48 PM
Moon Shyne
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"Bob Whiteside" wrote in message
link.net...

"Moon Shyne" wrote in message
...

"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month plus
1600 in alimony. 2200 dollars a month in tax free income for her.


Alimony is not tax free - the recipient pays the taxes on it.


The wage earner pays the payroll taxes.


The wage earner deducts all alimony from his income when doing his tax return,
thereby reducing his taxible income. The recipient has to declare all alimony
as income, thereby raising her taxible income.


  #28  
Old June 12th 04, 10:48 PM
Moon Shyne
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"Bob Whiteside" wrote in message
link.net...

"Moon Shyne" wrote in message
...

"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month plus
1600 in alimony. 2200 dollars a month in tax free income for her.


Alimony is not tax free - the recipient pays the taxes on it.


The wage earner pays the payroll taxes.


The wage earner deducts all alimony from his income when doing his tax return,
thereby reducing his taxible income. The recipient has to declare all alimony
as income, thereby raising her taxible income.


  #29  
Old June 13th 04, 01:32 AM
Bob Whiteside
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"Moon Shyne" wrote in message
...

"Bob Whiteside" wrote in message
link.net...

"Moon Shyne" wrote in message
...

"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month

plus
1600 in alimony. 2200 dollars a month in tax free income for her.

Alimony is not tax free - the recipient pays the taxes on it.


The wage earner pays the payroll taxes.


The wage earner deducts all alimony from his income when doing his tax

return,
thereby reducing his taxible income. The recipient has to declare all

alimony
as income, thereby raising her taxible income.


And the wage earner still pays the FICA and Medicare taxes on the alimony
paid. And when the tax deductions and exemptions are subtracted from the
taxable income the alimony recipient rarely has to pay much in taxes. The
alimony is just one piece of the tax calculation. Alimony is awarded to
help the recipient sustain the property settlement items she cannot afford
to pay for out of her own income. IOW - Alimony helps the woman preserve
her property settlement assets and support their on-going costs.

Here's an example for you - When I was divorced my ex was awarded the family
home, and with it came the tax deductions for interest and property taxes.
After declaring her earned income, plus the alimony I paid, her total taxes
paid for Federal and state combined was less than 3% of her gross income
before deductions. She paid more for FICA and Medicare taxes on her gross
earned income than she did for income taxes on her total income including
the alimony.


  #30  
Old June 13th 04, 01:32 AM
Bob Whiteside
external usenet poster
 
Posts: n/a
Default After 13 years, mom gets $66,000 in child support


"Moon Shyne" wrote in message
...

"Bob Whiteside" wrote in message
link.net...

"Moon Shyne" wrote in message
...

"bleed-22" wrote in message
om...
Hey Zimm:

He was meeting his obligation. He was paying 600 dollars a month

plus
1600 in alimony. 2200 dollars a month in tax free income for her.

Alimony is not tax free - the recipient pays the taxes on it.


The wage earner pays the payroll taxes.


The wage earner deducts all alimony from his income when doing his tax

return,
thereby reducing his taxible income. The recipient has to declare all

alimony
as income, thereby raising her taxible income.


And the wage earner still pays the FICA and Medicare taxes on the alimony
paid. And when the tax deductions and exemptions are subtracted from the
taxable income the alimony recipient rarely has to pay much in taxes. The
alimony is just one piece of the tax calculation. Alimony is awarded to
help the recipient sustain the property settlement items she cannot afford
to pay for out of her own income. IOW - Alimony helps the woman preserve
her property settlement assets and support their on-going costs.

Here's an example for you - When I was divorced my ex was awarded the family
home, and with it came the tax deductions for interest and property taxes.
After declaring her earned income, plus the alimony I paid, her total taxes
paid for Federal and state combined was less than 3% of her gross income
before deductions. She paid more for FICA and Medicare taxes on her gross
earned income than she did for income taxes on her total income including
the alimony.


 




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