4 ms·

Why do they think filing a joint return is relevant?

metafunk 7y ago
Likely just pointing out that, in even more ways than should matter in this case, they and their partners are financially identical.
- MaupitiBlue 7y ago
  And if lenders based their credit decisions on the spouse’s creditworthiness, someone else would whine about that. The sense of entitlement that’s taken hold of the world is dismaying. If you don’t like the terms Apple / GS are offering, then go somewhere else.
  - yardie 7y ago
    > If you don’t like the terms Apple / GS are offering, then go somewhere else. If they are basing those terms based on one of the protected classes (race, gender, age) that is illegal and should be investigated. > The sense of entitlement that’s taken hold of the world is dismaying. I know, right. Damn these brown people, LGBTQ, women for demanding a seat at the table. Cis-het white people must be feeling particularly oppressed with all of these racist|sexist|genderist calls for reform
    - MaupitiBlue 7y ago
      “Damn these brown people, LGBTQ, women for demanding a seat at the table.” Maybe if they earned it instead of demanding it they’d be taken seriously?
      - yardie 7y ago
        How exactly do you earn equality?
- braindeath 7y ago
  Filing a joint return in the US in no way implies financial unity. It just means your income is pooled for tax calculation purposes, that’s it (and only federal, you can often file separately in the same or different states). There are community property states, which NY is not. It gets hairy just about anywhere if a marriage is ended.
asveikau 7y ago
It's not filing a joint return. It's holding all the assets in joint accounts. So they have equal ability to withdraw.
- MaupitiBlue 7y ago
  Woz and DHH both seemed to think filing jointly should be determinative or at least relevant.
  - sgerenser 7y ago
    Maybe but that just shows that they don't understand credit scoring/credit card lending decisions. Whether or not you file joint taxes doesn't come into play at all.
- scarface74 7y ago
  Which is irrelevant since your credit report doesn’t list your assets nor does any credit card that I am aware of ask you to list assets let alone verify them.
  - asveikau 7y ago
    I think Woz probably relies on investments rather than wages for income, so holding a joint account means something a little different than it would for most people. But I understand your point. It's also a corner case the credit rating systems don't handle. I am reminded of many years ago when I had no credit but good income, and none of the credit card companies cared about that last point enough to trust me. These are imperfect systems.
    - scarface74 7y ago
      FICO is trying to fix that with Experian Boost (https://thepointsguy.com/news/how-utility-bills-might-improve-credit-score-experian-boost/ https://thepointsguy.com/news/how-utility-bills-might-improv...). It will let you opt in to using utility and phone bills as part of your credit score. But this is also far from perfect. If times are tough or you’re just irresponsible, you’re going to pay your utility bills because of the extreme inconvenience of having your utilities cut off but you may not pay your phone bills.

Likely just pointing out that, in even more ways than should matter in this case, they and their partners are financially identical.

MaupitiBlue 7y ago
And if lenders based their credit decisions on the spouse’s creditworthiness, someone else would whine about that. The sense of entitlement that’s taken hold of the world is dismaying. If you don’t like the terms Apple / GS are offering, then go somewhere else.
- yardie 7y ago
  > If you don’t like the terms Apple / GS are offering, then go somewhere else. If they are basing those terms based on one of the protected classes (race, gender, age) that is illegal and should be investigated. > The sense of entitlement that’s taken hold of the world is dismaying. I know, right. Damn these brown people, LGBTQ, women for demanding a seat at the table. Cis-het white people must be feeling particularly oppressed with all of these racist|sexist|genderist calls for reform
  - MaupitiBlue 7y ago
    “Damn these brown people, LGBTQ, women for demanding a seat at the table.” Maybe if they earned it instead of demanding it they’d be taken seriously?
    - yardie 7y ago
      How exactly do you earn equality?
braindeath 7y ago
Filing a joint return in the US in no way implies financial unity. It just means your income is pooled for tax calculation purposes, that’s it (and only federal, you can often file separately in the same or different states). There are community property states, which NY is not. It gets hairy just about anywhere if a marriage is ended.

asveikau 7y ago

It's not filing a joint return. It's holding all the assets in joint accounts. So they have equal ability to withdraw.

MaupitiBlue 7y ago
Woz and DHH both seemed to think filing jointly should be determinative or at least relevant.
- sgerenser 7y ago
  Maybe but that just shows that they don't understand credit scoring/credit card lending decisions. Whether or not you file joint taxes doesn't come into play at all.
scarface74 7y ago
Which is irrelevant since your credit report doesn’t list your assets nor does any credit card that I am aware of ask you to list assets let alone verify them.
- asveikau 7y ago
  I think Woz probably relies on investments rather than wages for income, so holding a joint account means something a little different than it would for most people. But I understand your point. It's also a corner case the credit rating systems don't handle. I am reminded of many years ago when I had no credit but good income, and none of the credit card companies cared about that last point enough to trust me. These are imperfect systems.
  - scarface74 7y ago
    FICO is trying to fix that with Experian Boost (https://thepointsguy.com/news/how-utility-bills-might-improve-credit-score-experian-boost/ https://thepointsguy.com/news/how-utility-bills-might-improv...). It will let you opt in to using utility and phone bills as part of your credit score. But this is also far from perfect. If times are tough or you’re just irresponsible, you’re going to pay your utility bills because of the extreme inconvenience of having your utilities cut off but you may not pay your phone bills.