Friday, September 20, 2013
Recently enacted changes to the state’s child support formula and guidelines should have a dramatic effect on the amount paid by high-income earners.
The amendment – enacted in the previous legislative session -- took effect July 1. It was the result of a 2009 economic analysis/study prepared by the University of New Hampshire.
Under the previous formula and guidelines, an obligor paid child support based on a percentage of his or her net income. The percentage was based on the number of children of the parties – 25 percent of net income for one child, 33 percent for two children, 40 percent for three, and 45 percent for four or more.
The previous guidelines failed to incorporate in a substantive way the obligee’s income in determining the amount to be paid by the obligor.
Read more here.