Quote:
Originally Posted by midnightvampyr
In that you were married for 10 years the present legislation regarding spousal support would dictate that you would be responsible for paying spousal support for at least that long if not longer. As such, the difference is calculated on Total Income, line 150 of your tax returns. In your case, you are looking at a difference of $45,000 indicating a split of $22,500 to "equalize" the incomes.. For the higher income earner, any contributions towards spousal support is a tax deduction and for the recipient, the amount would be included in income.
However, this is what the law is. You both can work out something more amicable if this particular arrangement is not acceptable to both of you.
By the way, congratulations on your handling of the Division of Assets and child support issues. Yours is the exception, definitely not the rule.
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This was a hypothetical situation. I was looking for opinion on what you think is fair, not what you would expect to occur from a court settlement.
The 'law' does not dictate SS as you state, it is up to the descretion of the judge, and in that an equal split of the two incomes is seldom, if ever, done as far as I know and have read here.
What is your opinion of a fair agreement for SS in the situation I outlined in my original post?