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Tangerines




Registered: 04/17/05
Posts: 17,918
Loc: woodwork
Last seen: 4 years, 23 days
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I am in debt Randal....
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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I wouldn't because if marriage entitles one to half, then 10 years definitely qualifies. AND if you ever get married and divorced you can pay it forward.
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Hyper_Panda_GO
Team Action!


Registered: 05/28/06
Posts: 9,720
Last seen: 10 years, 8 months
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No
-------------------- There is no valid reason you should be reading this
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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Another thing to consider... You paid an inheritance tax on that money and if you give it back to him... he'll pay a gift tax. By the time it's said and done, the government would've recieved over half.
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Tangerines




Registered: 04/17/05
Posts: 17,918
Loc: woodwork
Last seen: 4 years, 23 days
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Re: A moral conundrum [Re: Cowgold]
#7699583 - 11/30/07 03:40 PM (16 years, 2 months ago) |
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gift tax? If you give people money there is a tax on it? How would they find out? How much does it have to be for their to be said tax?
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RandalFlagg
Stranger

Registered: 06/15/02
Posts: 15,608
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Re: A moral conundrum [Re: Cowgold]
#7699585 - 11/30/07 03:40 PM (16 years, 2 months ago) |
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Because it was an inherited IRA there was no tax. Also, the Gift Tax applies to $10,000 and over I believe.
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CherryBom
Yoga Gypsy


Registered: 12/26/98
Posts: 11,177
Loc: Ontario
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Re: A moral conundrum [Re: Tangerines]
#7699588 - 11/30/07 03:41 PM (16 years, 2 months ago) |
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What?! Gift tax? I've never heard such bullshit in my life! Is that an american thing?
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RandalFlagg
Stranger

Registered: 06/15/02
Posts: 15,608
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Re: A moral conundrum [Re: CherryBom]
#7699595 - 11/30/07 03:43 PM (16 years, 2 months ago) |
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Quote:
CherryBom said: What?! Gift tax? I've never heard such bullshit in my life! Is that an american thing?
Unfortunately, yes. It is bullshit.
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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Still... There's no moral obligation. Even prenuptual agreements are null and void after a given period of time. (5 years?)
Regardless of reasons for the marriage, 10 years consitutes half no question.
You watch Weeds or something? What made this come up?
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CherryBom
Yoga Gypsy


Registered: 12/26/98
Posts: 11,177
Loc: Ontario
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Why don't you invest it? Think of the future!
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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Re: A moral conundrum [Re: CherryBom]
#7699621 - 11/30/07 03:48 PM (16 years, 2 months ago) |
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If there wasn't a gift tax, it would be too easy to cheat your taxes.
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jewunit
Brutal!

Registered: 01/11/07
Posts: 34,264
Loc: Ohio
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Quote:
RandalFlagg said:
Quote:
tiny_rabid_birds said: 1. how much money it is. 2. how much trouble/money you'd have to go through to find him and get the money to him. 3. whether he'll even care about said amount of money. 4. a few other things i didn't feel like thinking of.
1. About $5,000. 2. I just did a search for him and found his address in 5 seconds. 3. No, he won't. He's rich.
And you're only putting up $50 for the no orgasm challenge?
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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Re: A moral conundrum [Re: jewunit]
#7699631 - 11/30/07 03:51 PM (16 years, 2 months ago) |
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Quote:
jewunit said:
Quote:
RandalFlagg said:
Quote:
tiny_rabid_birds said: 1. how much money it is. 2. how much trouble/money you'd have to go through to find him and get the money to him. 3. whether he'll even care about said amount of money. 4. a few other things i didn't feel like thinking of.
1. About $5,000. 2. I just did a search for him and found his address in 5 seconds. 3. No, he won't. He's rich.
And you're only putting up $50 for the no orgasm challenge?
I bet a big tittied stripper gets it now.
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RandalFlagg
Stranger

Registered: 06/15/02
Posts: 15,608
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Re: A moral conundrum [Re: CherryBom]
#7699642 - 11/30/07 03:53 PM (16 years, 2 months ago) |
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Quote:
CherryBom said: Why don't you invest it? Think of the future!
Bah...I'm going to go out young.
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RandalFlagg
Stranger

Registered: 06/15/02
Posts: 15,608
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Re: A moral conundrum [Re: Cowgold]
#7699664 - 11/30/07 03:58 PM (16 years, 2 months ago) |
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Quote:
Cowgold said: What made this come up?
I have a deep-seated belief that what a person earns through their own efforts should not be taken away from them and that nobody has claim to the fruits of another's labor.
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Ripple
Ripple




Registered: 05/16/02
Posts: 21,014
Loc: the timbers of Fennario
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Don't be silly
Grandma got the money legally it's not like she robbed a bank.
-------------------- The bus came by and I got on that's when it all began!
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circularvortex
Bass Head



Registered: 08/31/06
Posts: 12,148
Loc:
Last seen: 4 months, 30 days
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Re: A moral conundrum [Re: Ripple]
#7699891 - 11/30/07 04:56 PM (16 years, 2 months ago) |
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You can have up to $10,000 in "gifts" per year tax free. After that I believe you pay normal income tax.
Honestly, I don't see why you would want to give the money back to him. 10 years cooking, cleaning, etc (especially in financial hard times) entitles you to some money. I could see if he was rich when they got married it being a diff situation tho...
I would keep the money for sure.
-------------------- No statements made in any post or message by myself should be construed to mean that I am now, or have ever been, participating in or considering participation in any activities in violation of any local, state, federal, or fashion police laws. All posts are works of fiction. For well you know that its a fool who plays it cool By making his world a little colder. Under closer inspection I realised it was a funky ball of tits from outer space.
 
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CherryBom
Yoga Gypsy


Registered: 12/26/98
Posts: 11,177
Loc: Ontario
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Re: A moral conundrum [Re: Ripple]
#7700398 - 11/30/07 06:58 PM (16 years, 2 months ago) |
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Quote:
Ripple said: Don't be silly
Grandma got the money legally it's not like she robbed a bank.
Simple logic holds the most truth.
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Ripple
Ripple




Registered: 05/16/02
Posts: 21,014
Loc: the timbers of Fennario
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Re: A moral conundrum [Re: CherryBom]
#7700607 - 11/30/07 07:57 PM (16 years, 2 months ago) |
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Quote:
CherryBom said:
Quote:
Ripple said: Don't be silly
Grandma got the money legally it's not like she robbed a bank.
Simple logic holds the most truth.
How true!;)
-------------------- The bus came by and I got on that's when it all began!
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tiny_rabid_birds
Nocturnal



Registered: 11/08/05
Posts: 15,653
Loc: estados unidos
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Quote:
RandalFlagg said:
Quote:
Cowgold said: What made this come up?
I have a deep-seated belief that what a person earns through their own efforts should not be taken away from them and that nobody has claim to the fruits of another's labor.
i'm really going to have to disagree with you on this as being the end-all-to-be-all answer in financial matters. in the cases of marriages, it is often better for the family when the spouses partake in role specialization - meaning one earner and one homemaker (regardless of gender) especially if kids are involved. i'm guessing kids were not involved in this case since you're like mid twenties yourself.
regardless, she was the homemaker. she provided mental/emotional/physical support for this guy through his hard times. she was most certainly entitled to alimony to help her financially deal with reentering the labor market, maintaining her lifestyle, etc. it was her money, money she deserved for helping him get to where he did. in my humble opinion, it seems it would be a bit insulting to her memory to suggest otherwise.
i'm not judging though. these are just my personal opinions on the matter of alimony and divorce settlements.
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