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Child Support - What's Included?
I live in NY state, where the child support requirement is 25% for two
children. I have verbally agreed to paying the mortgage, realty taxes and homeowners insurance in addition to providing child support. What I need to know is, how much of child support is already allocated to housing costs? There must be some guideline that was used to come up with the standard percentages, and I'm certain that some portion of the housing costs I'm agreeing to pay are already included in child support. I just don't want to pay twice for something. Thank you very much for any information. |
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Child Support - What's Included?
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Child Support - What's Included?
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#4
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Child Support - What's Included?
"John" wrote in message ... I live in NY state, where the child support requirement is 25% for two children. I have verbally agreed to paying the mortgage, realty taxes and homeowners insurance in addition to providing child support. What I need to know is, how much of child support is already allocated to housing costs? There must be some guideline that was used to come up with the standard percentages, and I'm certain that some portion of the housing costs I'm agreeing to pay are already included in child support. I just don't want to pay twice for something. Thank you very much for any information. One of the giant vagaries of child support is the fact most states don't publish a legal definition of what "child support" means. Additionally, the states don't publish how the CS calculation methodology was determined. The closest data we have available is the amounts single mothers report they spend for children expenses in the USDA's annual expenditures on children survey. For your use I have converted the dollars spent to percentages so you can use them in your analysis. Keep in mind these percentages include what the mother's say they spend out of their gross income plus child support ordered which equates to both parent's contribution paying for the children. And the percentages are based on two children aged 15-17 for a CP with gross income plus CS of under $36,000. Housing - 35.25% Food - 22.05% Transportation - 12.50% Clothing - 12.08% Healthcare - 6.46% Childcare/Education - 3.65% Miscellaneous - 8.01% But there is a hidden cost that NCP fathers face that you may not have considered yet - increased taxes. First the CS is taxable to the NCP father and tax-free to the CP mother. She will also get the child exemptions on federal and state tax returns by default, and unless you address the issue of interest and property taxes she will also get those deductions too. And your filing status will change significantly from married to single, while her tax status will change very little from married to head of household. To demonstrate how these tax changes work, when I got divorced in 1986 the combined impact of all of those tax changes caused my net income to drop $450 per month. So I ended up paying CS out of a net income that was significantly less than what I had while married. On the flip side, my ex had all the tax benefits I listed and her combined Federal and state income taxes were less than 4% of her gross. I looked at the tax increase I paid as hidden alimony because I was subsidizing the government allowing her to pay almost no tax. |
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Child Support - What's Included?
"John" wrote in message ... I live in NY state, where the child support requirement is 25% for two children. I have verbally agreed to paying the mortgage, realty taxes and homeowners insurance in addition to providing child support. What I need to know is, how much of child support is already allocated to housing costs? There must be some guideline that was used to come up with the standard percentages, and I'm certain that some portion of the housing costs I'm agreeing to pay are already included in child support. I just don't want to pay twice for something. Thank you very much for any information. One of the giant vagaries of child support is the fact most states don't publish a legal definition of what "child support" means. Additionally, the states don't publish how the CS calculation methodology was determined. The closest data we have available is the amounts single mothers report they spend for children expenses in the USDA's annual expenditures on children survey. For your use I have converted the dollars spent to percentages so you can use them in your analysis. Keep in mind these percentages include what the mother's say they spend out of their gross income plus child support ordered which equates to both parent's contribution paying for the children. And the percentages are based on two children aged 15-17 for a CP with gross income plus CS of under $36,000. Housing - 35.25% Food - 22.05% Transportation - 12.50% Clothing - 12.08% Healthcare - 6.46% Childcare/Education - 3.65% Miscellaneous - 8.01% But there is a hidden cost that NCP fathers face that you may not have considered yet - increased taxes. First the CS is taxable to the NCP father and tax-free to the CP mother. She will also get the child exemptions on federal and state tax returns by default, and unless you address the issue of interest and property taxes she will also get those deductions too. And your filing status will change significantly from married to single, while her tax status will change very little from married to head of household. To demonstrate how these tax changes work, when I got divorced in 1986 the combined impact of all of those tax changes caused my net income to drop $450 per month. So I ended up paying CS out of a net income that was significantly less than what I had while married. On the flip side, my ex had all the tax benefits I listed and her combined Federal and state income taxes were less than 4% of her gross. I looked at the tax increase I paid as hidden alimony because I was subsidizing the government allowing her to pay almost no tax. |
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Child Support - What's Included?
"Bob Whiteside" wrote in message
. .. One of the giant vagaries of child support is the fact most states don't publish a legal definition of what "child support" means. Additionally, the states don't publish how the CS calculation methodology was determined. Relevant to the above, a few days ago I posted the following query to the alt.child-support ng, but nobody seemed to have any ideas: "I was helping a student compile a state-by-state spreadsheet comparison of child support provisions and was wondering if what we were seeing could possibly be true: that California is by far the most generous of all 50 states and 5 territories, with no maximum, so that the mother who is jobless would get an infinite amount of support (i.e., 12.8% without limit) from the father, whereas in other states there is a cap. Thus, in New York, there is judicial discretion to award the legal 17% figure (for one child) on more than $80,000 p.a. of disposable income. "Other countries (the UK for example) have limits on the pattern of (but greater than) New York's (disposable income of up to GBP 100,000 p.a., charged at 15% for one child). "No wonder that Liz Hurley and others have made a bee line for California... "Any anomalies the student should know about?" |
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Child Support - What's Included?
"Bob Whiteside" wrote in message
. .. One of the giant vagaries of child support is the fact most states don't publish a legal definition of what "child support" means. Additionally, the states don't publish how the CS calculation methodology was determined. Relevant to the above, a few days ago I posted the following query to the alt.child-support ng, but nobody seemed to have any ideas: "I was helping a student compile a state-by-state spreadsheet comparison of child support provisions and was wondering if what we were seeing could possibly be true: that California is by far the most generous of all 50 states and 5 territories, with no maximum, so that the mother who is jobless would get an infinite amount of support (i.e., 12.8% without limit) from the father, whereas in other states there is a cap. Thus, in New York, there is judicial discretion to award the legal 17% figure (for one child) on more than $80,000 p.a. of disposable income. "Other countries (the UK for example) have limits on the pattern of (but greater than) New York's (disposable income of up to GBP 100,000 p.a., charged at 15% for one child). "No wonder that Liz Hurley and others have made a bee line for California... "Any anomalies the student should know about?" |
#8
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Child Support - What's Included?
John wrote:
I live in NY state, where the child support requirement is 25% for two children. I have verbally agreed to paying the mortgage, realty taxes and homeowners insurance in addition to providing child support. What I need to know is, how much of child support is already allocated to housing costs? There must be some guideline that was used to come up with the standard percentages, and I'm certain that some portion of the housing costs I'm agreeing to pay are already included in child support. I just don't want to pay twice for something. Thank you very much for any information. It is typically assumed that 25% of a family's expenses are for housing. However, before you start down this path: It is really, really risky to start offering money outside the support agreement. It's even riskier to attempt to reduce the amount of the support agreement by some outside amount you are paying. Please talk to your lawyer. Chris Owens -----= Posted via Newsfeeds.Com, Uncensored Usenet News =----- http://www.newsfeeds.com - The #1 Newsgroup Service in the World! -----== Over 100,000 Newsgroups - 19 Different Servers! =----- |
#9
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Child Support - What's Included?
John wrote:
I live in NY state, where the child support requirement is 25% for two children. I have verbally agreed to paying the mortgage, realty taxes and homeowners insurance in addition to providing child support. What I need to know is, how much of child support is already allocated to housing costs? There must be some guideline that was used to come up with the standard percentages, and I'm certain that some portion of the housing costs I'm agreeing to pay are already included in child support. I just don't want to pay twice for something. Thank you very much for any information. It is typically assumed that 25% of a family's expenses are for housing. However, before you start down this path: It is really, really risky to start offering money outside the support agreement. It's even riskier to attempt to reduce the amount of the support agreement by some outside amount you are paying. Please talk to your lawyer. Chris Owens -----= Posted via Newsfeeds.Com, Uncensored Usenet News =----- http://www.newsfeeds.com - The #1 Newsgroup Service in the World! -----== Over 100,000 Newsgroups - 19 Different Servers! =----- |
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