Withholding money from spouse

[Zigner]

You have to remember...highest taxed state in the country...and i wish i was bringing home that after taxes. oh and then take 65-70% for alimony and child support.

I'm from SoCal.

and it's not the equity that you buy out it is the value of the home at time of divorce, so half of 310k

You're wrong.

 

[LdiJ]

You have to remember...highest taxed state in the country...and i wish i was bringing home that after taxes. oh and then take 65-70% for alimony and child support.

and it's not the equity that you buy out it is the value of the home at time of divorce, so half of 310k

You are completely wrong on that. Its half of the equity, not half of the value.

 

[Ohiogal]

You have to remember...highest taxed state in the country...and i wish i was bringing home that after taxes. oh and then take 65-70% for alimony and child support.

and it's not the equity that you buy out it is the value of the home at time of divorce, so half of 310k

You would be wrong. You pay her half the equity. You don't own the value of the house. The bank owns all but the equity. But since you know everything, continue on. You apparently don't need our help.

 

[Bali Hai]

You have to remember...highest taxed state in the country...and i wish i was bringing home that after taxes. oh and then take 65-70% for alimony and child support.

Taxes in CA would even be higher if you didn't pay her alimony.

You married her and you also chose to live in CA. Those two choices have sealed your fate.

 

[Bali Hai]

I'm from SoCal.

That makes perfect sense.

 

[Zigner]

That makes perfect sense.

Yes it does - it explains that I understand the cost of living in this state. Thanks for realizing

 

[Bali Hai]

Yes it does - it explains that I understand the cost of living in this state. Thanks for realizing

My pleasure.

 

[CourtClerk]

Sorry, I also am from So Cal. 85k/yr is enough to live very decently if your mortgage is ONLY $2100/mo. Somewhere in there, someone is spending money they shouldn't be because with 85k/yr + $400/mo??? You shouldn't be living darn near poverty with no cable, phones, etc.

You can convince the rest of the folks who don't live there.

 

[LdiJ]

Sorry, I also am from So Cal. 85k/yr is enough to live very decently if your mortgage is ONLY $2100/mo. Somewhere in there, someone is spending money they shouldn't be because with 85k/yr + $400/mo??? You shouldn't be living darn near poverty with no cable, phones, etc.

You can convince the rest of the folks who don't live there.

I just ran some very rough, very conservative tax numbers...including regular income tax, state income tax, social security and medicare taxes. Adding in the 400.00 a month that would give him approximately 79945.00 net a year. Allowing for health insurance that might change to somewhere around 73945.00. That's 6162.00 per month in disposable income.

So yes, I agree that a mortgage of 2100.00 is affordable at that level. The only reasons I can think of that might make his budget tighter than it should be is if he is putting a whole lot into a 401k, which he probably cannot continue to do, or if he is way overwithholding and getting big refunds every year. Of course, his tax situation is going to change once he gets divorced, so perhaps any overwithholding should be left alone.

 

[robeill]

I just ran some very rough, very conservative tax numbers...including regular income tax, state income tax, social security and medicare taxes. Adding in the 400.00 a month that would give him approximately 79945.00 net a year. Allowing for health insurance that might change to somewhere around 73945.00. That's 6162.00 per month in disposable income.

So yes, I agree that a mortgage of 2100.00 is affordable at that level. The only reasons I can think of that might make his budget tighter than it should be is if he is putting a whole lot into a 401k, which he probably cannot continue to do, or if he is way overwithholding and getting big refunds every year. Of course, his tax situation is going to change once he gets divorced, so perhaps any overwithholding should be left alone.

OK look everyone there is a reason that I came to this site. It was to ask for advice not to nitpick over my finances. Can we please stick to the two questions at hand?

- Is withholding money from spouse illegal?
- Can my VA disability be considered income and be calculated for spousal and child support?

I realize that everyone has there own opinions of this thread but it was originally written for advise.

Thank you

 

[LdiJ]

OK look everyone there is a reason that I came to this site. It was to ask for advice not to nitpick over my finances. Can we please stick to the two questions at hand?

- Is withholding money from spouse illegal?
- Can my VA disability be considered income and be calculated for spousal and child support?

I realize that everyone has there own opinions of this thread but it was originally written for advise.

Thank you

Withholding all money/cash from your spouse could be frowned upon by a judge, and likely to get alimony ordered on an emergency basis pending the finalization of the divorce. Everyone has small expenses that require at least some small amount of cash.

Yes, VA disablity income is included in child support calculations for sure. Alimony is more subjective.

 

[TinkerBelleLuvr]

Withholding money is not illegal.

VA disability will be used in the calculation of child support. I assume it will probably be in the alimony too.