Quote: (05-14-2014 06:50 PM)worldwidetraveler Wrote:
Walking away from 250k a year (according to the OP) just because of child support would be more akin to "cutting your nose off to spite your face."
It depends on the woman and situation.
Let's use lovely New York State for an example. Though the cap is $135k/year with an upward CPI adjustment, the judge is free to go higher and you can bet they do.
So here's the worst case, but typical, scenario.
17% of $250k is 42,500/year. x 21 years = $892,500
Day care for 5 years at $600/month = $36,000
Summer Camp for 15 years = $25,000
Private school??? Or Public??? It's her choice so who knows and who cares. After all he's paying the bills.
Medical/Dental at $600/month. over 21 years = $151,200
Braces - $8,000
College….better hope he enlists in the military
You're basically talking over $1 million. and that doesn't count all the gifts you give him and meals, and gas, and everything you do on your own.
Take home of $250k salary in NYS is about $150k, and that's IF you don't pay NYC tax on top of that.
$1 million over 21 years is about $47,000. So at least 1/3 of his take home will be gone if the kid doesn't go to college or private school.
Now you could say, well he makes so much money what does it matter?
Keep in mind, he's know forced to keep working for the next 21 years at a rate of $250k/year.
If he can't stand his job anymore and need something lower paying. "Too bad, pay up!"
Want to move to another less stressful city where your new love lives, "Too bad, pay up!".
Lose your job?, "Too bad, pay up!" Oh yes, it happened to me. No downward modification from the judge.
For the next 21 years you will HAVE to make that $250k and when you're pushing 40 and hoping to retire early that can seem like a death sentence.
Anyone here that's 40+ years old knows this well.
It's a win for the Government too, because you aren't in some other country enjoying foreign pussy. You're chained to your desk earning tax dollars for them and spending money for her.
So, it's not necessarily cutting of one's nose to spite their face. If you are 22 years old, then maybe.
IKE made a great point in one of his posts. As a man in his 50s the risk of getting an American girl pregnant and then being forced into 21 more years of slavery is too great.