This article appeared in my first website, Isaiah4vs1 with minor revisions as it appears now.
Copyright © 1998 Don Milton All Rights Reserved
Always consult your tax advisor for tax advice. The following is provided for entertainment purposes only. However, it appears to be true!
Since the U.S. Government does not recognize more than one wife for tax purposes, a business owner can payroll his additional wives for their consultative acumen without having to claim their income as part of joint income. In fact, he cannot claim them on his personal income tax. But by providing his additional wives.. or… consultants, with an income sufficiently beneath the cap for income taxes, he can qualify his unrecognized wives for child tax credits ifthey’re available in the tax year in which they’re filing, as tax laws frequently change. If his wives are proficient at what they’re doing, they’ll increase the profits of his corporation and thereby his personal income. If they have titles but no responsibilities, then his taxable income decreases. It’s a win win for the family no matter which way it goes. A Business Owner with net taxable income of $200,000, can easily provide resources to run the households of his wives at lower than the threshold for taxation, which often qualifies them for the unearned income tax credit. I say often, because that tax credit comes and goes with no apparent consistency. In addition, to reducing the tax burden, an income for his primarily homemaker wives, provides a safety net if they become disabled and benefits for the children if the wife dies. It’s amazing how many spouses could have provided benefits for their children upon their early death if they’d simply continued to receive an income, this case, from their unrecognized husband, with the Social Security reported and paid till they had reached the minimum required to qualify for benefits.
Click to be taken to the page on SSA.gov that explains work requirements to qualify.
On top of this, there are tax breaks for providing benefits to employees, as in this discussion, unrecognized wives, such benefits could include a company car, health insurance, profit sharing and the like. None of this is fraud. Daily we see idiots hired to jobs that we know they are not qualified for and if you’re nota monogamist, you’re not likely to be showing off your wives. She is not your idol. You are hers, as commanded by Scripture.
Ephesians 5:23-24
Filing status:
Unrecognized wives with children (legally – single moms) are typically advised to file as “Head of Household.” This is good advice whether or not she lives under the same roof with her husband and his other wives.
Sometimes the Child Tax Credit is enough to completely offset the Social Security tax. If a CEO hires his unrecognized wives, he’s breaking no law, although it would be viewed as nepotism by other employees who became aware of it. But nepotism, even favoritism, is not illegal unless it discriminates against others who are seeking the job that the unrecognized wife. And along those lines, maybe he can even qualify for DEI tax credits if his wives are minorities, depending on which cabal is running the federal government at any given time. I could go on and on with additional ways that “unrecognized” wives as employees can reduce a Business Owners tax liabilities. Just run any ideas past a good lawyer before hiring. And that goes for hiring your children, parents, and other relatives too.
The legality of having additional wives is no longer open to debate. The laws against cohabitation have been rolled back in all but one state, Mississippi. But consult your local attorney before you consider it. If you are a CEO who is an andromonist and have several wives, you’re probably already benefiting from the tax breaks we’ve discussed. And you know that the tax savings are nearly enough to pay for the additional expense of having many wives!
At the time of the first publication of this article,
Don Milton was a licensed insurance agent in Washington
Don is currently a licensed insurance agent in Arizona.
Consult your accountant or attorney for updates on tax law.
Consult a criminal attorney on matters of cohabitation law
