Kenny 'The Jet' Smith To Pay Ex-Wife Over $1 Million In Divorce Settlement

Skooby

Alone In My Zone
Supporter
Joined
Sep 30, 2012
Messages
25,328
Reputation
10,319
Daps
60,039
Reppin
The Cosmos
resized_99263-simpson-gloves_34-18450-d90_t800.JPG
 
Joined
May 7, 2012
Messages
27,790
Reputation
4,712
Daps
103,462
I think most like me initially missed the spousal support and child support. Are spousal and child support at least tax deductible for him?

The part I missed is this...
According to new legal documents, obtained by The Blast, the former NBA star has to pay his ex $1,140,000 as an 'equalization payment', in connection with the allocation and division of the ex-couple's property

So after dividing up the property, Kenny has to pay a million dollars on top of spousal support and child support. I’ll hold my L, dude is getting raped. :huhldup:


And no, CS/alimony are not tax deductible federally. Not that it matters much to someone as rich as him, but paying child support while sharing custody doesn’t even guarantee that you’ll be able to claim the child as a dependent. CS laws are retarded. :dead:
 

Atlrocafella

Veteran
Supporter
Joined
Apr 30, 2012
Messages
25,867
Reputation
3,068
Daps
92,739
Reppin
Atlanta, Georgia
$212k BEFORE TAXES

Which is taxed at nearly 50% WHERE HE LIVES

IS $100k AFTER TAXES

$100k DIVIDED BY 2 (HALF ) = WHAT NUMBER CHAMP ? I KNOW YOU CAN DO IT WITHOUT A CALCULATOR

IF KENNY HAS 4 APPLES

AND THE GOVERNMENT TAKES 2 APPLES

KENNY IS NOW LEFT WITH 2 APPLES

HIS WIFE NOW TAKES 1 APPLE

HOW MANY APPLES IS KENNY THE JET SMITH LEFT WITH
:dead:
 

No..Money..Mo..Problems

it is what it is
Joined
Mar 16, 2013
Messages
17,225
Reputation
-2,980
Daps
47,717
Reppin
Worldwide
Actually, thats not a bad settlement. Just 7 years of support and only 1 million?
Dude is worth over 20 million. only paying like 20% of his monthly income. He got out better than most

212k after taxes in Cali is 125k a month max. He has to pay her almost 45k a month for years on top of a million dollar check when she can easily go get a job. That's not a win
 

JT-Money

Superstar
Joined
May 1, 2012
Messages
11,605
Reputation
3,785
Daps
50,488
Reppin
NULL
I bet you all the years they were together she never spent a dime of her own money.

:mjlol:
I doubt she worked longer than a year or two during the marriage. So he's been footing the bill since day one. And now paying the bytch to leave while some other dude gets to blow her back out. He better hope that TNT gig lasts another 10 years.
 

Luke Cage

Coffee Lover
Supporter
Joined
Jul 18, 2012
Messages
49,934
Reputation
18,192
Daps
257,179
Reppin
Harlem
212k after taxes in Cali is 125k a month max. He has to pay her almost 45k a month for years on top of a million dollar check when she can easily go get a job. That's not a win
That doesnt make sense
Support payments are not pre taxed, he would be taxed on his remaining income not his total before paying her
 
Last edited:
Top