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Timeslife on MSN13hOpinion
Alimony: Not a Burden, But a Man’s Responsibility for the Marriage He Failed
Marriage is not just a romantic promise. It is a legal, social, and economic contract. When it breaks, the emotional cost may ...
Timeslife on MSN11hOpinion
Alimony: Men' Stop Crying, Real Men Pay for Their Mistakes
Alimony is one of the most debated topics in divorce. Many men see it as an unfair financial penalty while ignoring the ...
Despite receiving alimony, she must work three part time jobs. She was a stay at home mom for most of her 21-year-marriage, so she collects a modest social security check.
The Supreme Court ruled that previous alimony can't impact disputes in a new marriage, resolving a case involving a couple's divorce and property settlement.
That is not the part that I found interesting. Here is the interesting part. At trial petitioner asserted that the $50,000 of alimony she reported on her 2007 tax return should be nontaxable.
The law was enacted after Barbara Bentley was ordered to pay her husband alimony after he was convicted of attempted murder. Bentley lobbied for the law to be changed in 1995 and was successful.
Who gets alimony and for how long comes with a whole new formula, designed to make it fair for everyone. But some ex-spouses say the new rules have created a hardship that is unfair and unjust.
Under current law, the payer would have a tax bill of $13,015, based on income of $68,000 net of alimony. The recipient would pay $4,183 in tax on the alimony. Combined tax: $17,198.
Alimony dates back centuries. The original idea was that once married, a man is responsible for a woman till death. But that notion has shifted in recent decades, as more women have jobs and their ...
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