Actually, tax laws are also causing middle class long term marriages to divorce and divide assets so they can’t be taken in a lien for long term residential health care. It’s also causing lots of folks to #ShackUp.
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Every junior GOP congressman still on his first wife finally realizing what he voted for:pic.twitter.com/tnZpZ6yRQA
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That’s gonna hit their base pretty hard, I’d think.
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Why on earth was Alimony ever a deduction?
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Child support was also non-taxable. Now alimony is treated like child support. For the bottom 95% this is no big deal, but NYT will sell it like a tax on the poor
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Child support only went until child was 18, alimony usually goes until spouse receiving it gets remarried. I didn’t think NYT was selling it as tax on poor (
@least from my view) but rather “boo hoo for the rich who can’t deduct it now”. Getting rid of exemptions drew my ire -
I am very far from a rich woman but made more money than my spouse and I had to pay alimony. Luckily it was not long term and was able to deduct it.
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2/2 but I also think courts shouldn’t force a person to pay alimony longer than the couple was actually married ... I’ve seen some cases where a spouse is paying for 25+ years when they were only married for 15...
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It’s typically only paid until remarriage. The problem with that is some spouses will intentionally not remarry to keep collecting the alimony.
End of conversation
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Really, Mr. Divorce!
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Remember when the FAILING NYT said
@realDonaldTrump would be the BEST President? WE DO!!! https://twitter.com/ThomasWictor/status/1014018136171950081?s=19 …This Tweet is unavailable.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Melania? Melanie? It’s Stormy’s lawyer on the phone..
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Lots to discuss about the
#TCJA. For why I believe this is a good change, see my forthcoming@geomasonlrev piece at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2938046 …#tax#alimony#taxpolicyThanks. Twitter will use this to make your timeline better. UndoUndo
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Unbelievable the extent to which the average American is being screwed over with a tax cut that shifts wealth upwards and promotes the economic enslavement of the population at large. Unprecedented rip-off that must be corrected with our vote. Start the Rx now and complete in Nov
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That’s probably why Jr. got divorced. That, and he’s a horrible punk.
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Improvement
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Trump has been divorced 3 times. Bets on #4 soon?
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