marry for TAX benefits
a girlfriend suggested to get married for tax benefits
short-term plan/commitment, both of us r going to be analysts
would you go for it?
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no.
think about how expensive a divorce is.
I don't have millions, divorce should be simple paper work
if you think divorce would come soon, then there is no reason to get married (the hassle of getting married and divorced might outweigh the tax benefits). also even if you dont have millions, all assets acquired during the marriage = joint property, and so whatever you make might still be up for grabs, which would esp suck if you dont have millions. you could sign a prenup, though.
Id say... try splitting rent for a while (if you dont already do this). also, are you sure thats really why your gf wants to get married?
Go for it. Get married.
the actually $$ for tax deduction is on her excel sheet, its a gain there are no cost associated going into the marriage, no ceremony, no ring, just paper work I figure some of you guys might have been/is married & can shed some light on the issue (legal & financial)
how easy is it going to be landing another girlfriend / getting any; when they find out you're married?
getting any with other girls is almost like "hit and run" you just need to get it before talking about your "wife" plus if I wife her, we will work that part out b4 not too concerned about that
how long have you been dating her?
if you want to marry her, marry her. if not, not. but definitely not for the taxes.
on & off 2yrs, open relationship beside the moral story, is there anything I should worry about besides prenup
i know many people who got married while in the military for all the benefits. but realize that all women are crazy. ill say again, all women are crazy. you wouldnt want to come home one day, check your accounts, and have lost twice as much as you saved cuz she ran off with your credit cards and checkbook right?
hahahaha. Based on that alone, I wouldn't even consider it.
When you get married, all DEBTS are shared too. So if she decides she wants to run up 30 grand on her credit card, realize that you're liable for (at least) half of it. Sounds like a shitty deal to me, especially because you're making the same amount. The potential tax benefits (split in two) can't possibly be worth the risk of her running up huge bills (which could easily be in excess of 30 grand on account of your combined income being very high, and therefore your having access to a large amount of credit).
You sure? Unless the debt has your name on it too, then you aren't responsible for you. As for credit card debt, I'd say don't open a shared credit card account. Instead, have your own individual credit card accounts.
if you're both analysts, your net worth would be pretty similar if ever you divorce so she wouldn't be able to clean you out.
so the question is.. will the benefit of the tax savings outweigh the cost of the divorce proceedings down the road?
This thread shocks me. I can't believe a girl seriously brought it up and a guy is actually considering it. :) People will consider anything for a little extra cash.
Haha. Remember though, that this is a banker chick (to be), and they tend to be more catholic than the pope. Whilst it is shocking, not altogether that surprising.
"Living the deram 24/7 on http://theallnighter.blogspot.com"
What tax benefits?!?!
Did either of you actually crunch some numbers? (I doubt it.) She has a grander agenda than you are realizing, trust me. Put it this way, if you are married she can go get some credit cards run them up to high hell and then leave your ass with the bill.
Nobody in this business should get married until they are over 30 anyway because their significant other won't be able to deal with the hours w/o cheating on you or leaving you. I speak from experience here.
True, but the man said that they're both going to be analysts, so the whole thing about dealing with the others doesnt apply unless she quits before him.
"Living the dream 24/7 on http://theallnighter.blogspot.com"
amd213
if there is nothing to loose or minimum circumstances, y not, not gonna complaint about more $$
capitan del banco
I agree with you, except her hours are worst than mine, and its been and will continue to be an open relationship
How about integrity, but I guess that's gone since you've considered it.
Dude, you're getting tricked. Don't get sold into marriage for a few thousand dollars.
I can't even believe this topic.
Not sure what kind of girlfriend she is but sounds like she is a natural dealmaker and may end up being your boss at work and home. That does not have to be a bad thing though, if your cool with that. If you want to marry her do it, but not for a lousy tax savings.
Prenup can't get you around some state laws that allow her to use your data and information, benefit from your untimely demise in certain ways, put you on the hook for her debts, etc. You can't mitigate everything.
And if you're not already enjoying the wonders of AMT, you will be...
Tax savings should not be a reason to get married. You will be doomed to failure and it will end up costing you more in the long run.
My advice would be to work as analysts for awhile and see how it works out.
a two year "on and off" relationship is not indicative of long-term committment.
fake your death for insurance money
thanks for all the input, thats from both of us b/c she is also on the forum
will talk to her about debts & spending
Yeah, good luck with THAT conversation :-)
if you are seriously considering this you are a moron and a sucker
no
there will be no joint account on anything
Everyone keeps talking about her running up your credit and then ditching you! Why don't you do that very same thing to her? Ha, turn the tables!
(Please don't take this advice seriously!)
don't marry for tax benefits!! especially if the mother-in-law secretly claims your wife as a dependent and doesn't tell you, then you owe the IRS $3,000 because your wife who is still in school, can't even write off school expenses because her god damn mother was too selfish!!! then the bitch-in-law acts like her estranged husband would go to jail for $90,000 in back taxes, unless they claimed her. i guess they assume since i make a little more than minimum wage i can afford it, and will look the other way. F-THAT!! why can't he claim his actual daughter instead of his step daughter who's single, and he actually still supports?!!!
sorry about that, i got off track and had to vent a little emotion. Long story short, dont marry for tax benefits.
Hahaha, its a trap!
HENRY: It would probably be advantageous for your marital status to be legally established as single, in light of the circumstances.
ETHELINE: What do you mean?
HENRY: I mean for tax purposes.
ETHELINE: (pause) But I thought it was --
HENRY: Etheline?
ETHELINE: Yes?
HENRY: Will you marry me?
ETHELINE: This isn’t really a tax issue, is it?
HENRY: (pause) That’s true. I don’t know why I put it that way.
If you are doing it for the money just marry some foreign girl that needs the passport. She will pay you quiet a bit for the marriage, on top of that you can ask her to cook and clean your place for less than minimum wage, and she can go and work on the side to pay for everything else in her life.
See, it's even better than just the tax benefit from the marriage. Your girl friend can do the same thing with a male foreigner. Knock yourself out guys!
I also heard that Satan is paying extra for your soul during the summer months, might want to consider that as well...
Why does being married give you tax benefits? I'm not a tax expert, but if anything, the combined incomes would just send you up the tax bracket.
lol trap for sure hahaha
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