Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121189  
Subject: Re: Am I paying my husband's taxes? Date: 2/15/2000 11:19 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<we're newlyweds so I'm not completely used to the idea of sharing all expenses yet....It seems pretty obvious that what's happening is that I'm helping him pay his taxes. If I made more money I wouldn't mind that but we make about the same salary over all and try to split most things down the middle to avoid any bitter feelings over who's spending how much on what.>>

Um, you guys better sit down and decide if you are a married couple or just a couple of roommates. Married: that old "two shall be as one" business, as the song goes.

Keep on this "I'm paying his taxes" track and you're likely to be ex-married before long.

Best idea: Dump all the paychecks into a joint account and each of you take an appropriate allowance from the pot. Treating things as "one pays some things and one pays other things" gets pretty corrosive pretty quick. How many car payments equals how many rent payments? Each of you if gonna think that the other is screwing him. What's gonna happen if a baby comes along and suddenly "you guys" (i.e., you and the baby) aren't paying your half of the bills?

As for taxes, estimate your overall tax bill, and set things up so that a proportional dollar amount gets deducted from each paycheck. Not each person--each paycheck. If one of you has a 2nd job, that 3 paychecks, not two.

Just my opinion--and I've probably been married longer that you have been alive.

Good luck,
Ray
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Back to the Future Buffalo Wild Wings
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement