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He shouldn't take money from her at 16.
I can see the argument that you require she set aside enough money for taxes and put some in a ROTH IRA or 529 plan. |
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It's rage bait. Not-so-smart people fall for it every single time.
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OP - you're weak and harming your DD by staying "neutral"
You and DH are about to lose her completely. |
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You’re all wrong.
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I don't know. My daughter has a blossoming cake pop business, and I've been funding all of her supplies, which are quite pricey. I told her I'm going to start making her buy her supplies. That is how business works, after all.
If he's trying to teach her something, and will eventually give her the money back in the form of college payment or whatever then I think it's ok. If she is incurring extra expenses for the household, she should definitely shoulder those costs. |
Presumably he would have bought her a computer and would have internet for the house whether or not she has a YouTube channel. If she needs new equipment that should come out of her earnings but there's no reason he should get paid for things he would have purchased anyway. Someone should teach her how to save to pay taxes though. She's going to need to play quarterly taxes if it's any significant amount. |
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I can’t imagine a father taking money from his daughter’s job. Most men would go hungry before took money from their kids.
I can imagine if it got out to people he worked with, he would be an embarrassing joke. |
That’s different. You aren’t looking for her profits. |
| I”m skeptical because OP didn’t include a link to help her teen daughter out. |
| OP’s joker DH didn’t pay attention until his minor child spilled that she was making money. Then he “demands” 25% of the profits. May a love like this never find me. |
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If this “demand” is to cover the taxes, and any excess is going into a savings account he fully intend to sign over to her (whether or not he tells her that) I’m OK with it.
My parents very clearly told me I was on the hook for grad school. I got scholarships and loans. Upon getting my first real job my parents gave me a check for the amount of my loan. They wanted to make sure I wanted it badly enough. |
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What does he want to do with the 25%?
I would say that anything over $200 would go into a Roth IRA or account (IN DD'S NAME, not in the parent's as it sounds like your DH sort of wants access to the funds). It would be hers but not as a minor. I don't know how these influencer payments work, but I would require that she create a spreadsheet to track what's coming in, from what sources etc. (That may already be created for her, not sure.) so she learns more about the business side of things. |
| I agree that it’s not okay for DH to take her earnings for himself. It is okay for him to help her out money and for taxes, grad school, down payment on a house, etc. I think the pp who says she gets $200/month to spend and everything else goes into savings is onto something. I’d put half of the savings in an account she can’t touch, like a 529 or a Roth. I’d let her manage the other half of her savings at 18. Any new equipment comes out of her earnings. |
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I’m on the side of DD, because if she was working at McDonalds, I can’t imagine that DH would be asking to take a cut of her paycheck.
That said, how much money is she making off of this? If it’s significantly more than a 16 year old would make in a service/retail job, then I think there’s some benefit to putting some of her earnings in a HYSA or something similar. |
| I think it’s fine to require her to save a certain percentage every month, qnd that it be put into an account you are custodians of. But give to HIM, personally? Why not you both as parents? That’s just gross. |