I have read in some places that when your income is over $150,000 they may amend the child support tables. I have been divorced for 5 years and my daughter is turning 7 soon. My income is about $400,000/year right now but it was only about $75,000 when my ex and I split up.
My ex has custody (given voluntarily due to bad advice) and I have visitation a couple of days every week.
I'm currently paying over $3,000 a month to my ex (who has since remarried to someone making decent income and she works full time) and that seems excessive given how much it costs to raise a child.
I have no problems paying but when I'm losing almost 55% of my income to taxes it seems like a little much to pay over $3k.
Thoughts?
My ex has custody (given voluntarily due to bad advice) and I have visitation a couple of days every week.
I'm currently paying over $3,000 a month to my ex (who has since remarried to someone making decent income and she works full time) and that seems excessive given how much it costs to raise a child.
I have no problems paying but when I'm losing almost 55% of my income to taxes it seems like a little much to pay over $3k.
Thoughts?
Comment