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Additional Details
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David & Rachael | What is the best way to structure my business so I limit the amount of child support I pay? |
I pay child support, until recently I have been a wage and salary earner but the child support agency have been taking way too much money direct from my pay, so I have decided to set up a business and become self employed, what is the best way to set up my business so as I limit my liability.
I was thinkiing of registering a partnership with my new wife, is that the best way, is there anyone out there that is self employed and pays child support that can help me.
Additional Details
For those idiots out there abusing me, read the bloody question again, it says limit not abolish my child support!
I am happy to pay a fair amount but not over 45% of my income, I need to support myself and new wife also and pay the home loan and car so I can keep my head above water and keep working so my kids can get child support.
So instead of abusing me re read the question, I said LIMIT not abolish, I am happy to support my kids with a fair amount. |
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D W
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If you become self employed, put the business in your wife's name and put all the income on her. I work at a DA's office for child support and they legally cannot take money from your wife. child support depends on how much YOUR monthly income is - not you and your wife's income combined. My county charges 18% of your monthly income for 1 child, 25% for 2 children, and 29% for 3 children.
It all depends on where you live but I highly recommend that you keep paying child support because the legal system can try to screw you. |
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Bill
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I would just man up and pay for my kids. You won't regret it. |
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Erabus
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Wouldn't they just tap into those assets as well? Consult a lawyer before you do anything.
P.S. My dad has never paid child support. He is a dead beat bastard and I wish that vultures would pluck out his ************* eyes. Do right by your kids. |
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rob2587
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pay your child support and shut-up, you don't think your own kids deserve it, why don't you tell them that "Daddy" anyone who try's to weasel out of paying support should be locked up...Do you even know what this is doing to your kids, let alone the fact they should ever find out you tried screwing them out of a new pair of shoes or clothes.....They will find out, I did... |
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2BusyMom
 |
Looks like you have received some very direct answers about how many people feel about trying to avoid the cost of raising children you had in a previous relationship.
In addition to getting a lawyer, I would also encourage you to develop a budget of what it costs for child care, clothes, food, field trips, deductibles for medical/dental expenses, a mortgage and utilities and see if these things are close to what portion you have been directed to pay (by the courts I am assuming). |
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The Assassin with a Resume
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I hate to say it man, but just pay it. The judge has already factored everything into what the agency is taking out. Don't give your children/child any reason to be pissed off at you when he/she develops the slightest bit of understanding.
However, IF the agency is REALLY-TRULY taking out too much, then you probably could take it back to court. I mean, if you're having a hard time just affording underwear and toothpaste, then yeah, they're probably taking out too much.
I'm still going to school for business, so I'm not much help to the actual question... |
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I wipe my own @$$
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You are ridiculous. The child support money that you are so avidly trying to avoid paying is going to SUPPORT your children. Is your ex-wife/baby's momma as well off as you? Does she have to raise a child all by herself? You play, you pay mister. You need to be a man and take care of your child (ren) |
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Becky B
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WOW What a super dad you must be. I'm glad your not here in my face coz I'm running pretty hot at your disloyalty to your own flesh and blood. |
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84kimmles
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Thats really sad ur kids and the amount of money you pay to help support them is not the problem, you are!!, you sound like a selfish man who only cares about a new life and wife? |
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LittleBarb
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Sorry sir, I read your question, RE-READ your question and then read the comments you made when others put you down for wanted find a way to pay LESS CHILD SUPPORT... I do NOT agree with YOU.... I raised my child without ANY support from his FATHER.... it was difficult as hell.... You helped MAKE the kids and you SHOULD be paying 50% of your salary to SUPPORT them---you'd be paying MORE then 50% if the children were still LIVING with you... So you have a new wife to afford? GET HER A JOB.... why should your CHILD suffer because you decided all of the sudden to use the money on the NEW WIFE???? I sacrificed and worked 3 STINKING JOBS (one full time, 2 part time) to be able to afford things that my son needed and sometimes what he wanted.... that is what a good parent DOES--they SACRAFICE.... you are being CHEAP and trying to cheat your child out of your support makes you a DIP STICK for a father.... and you best keep that dip stick out of your new wife so you haven't got to support any MORE kids ......take care of your CHILDREN first and then yourself.... be a man...By the way---it costs more then $18,000 a year to raise a child....think about it---a place to live, food, medical and dental care, clothing, trips the child takes, etc..
DW you are INCORRECT about not being able to take the wife's income for child support for his EX wifes' children.. My friend has to help pay support to HER HUSBAND's EX for children the EX had with the husband... COURT ORDERED and her INCOME TAX REFUND (she works the husband has family money)... but HER income tax refund was taken by Child support for the support of HIS kids.... but you go right ahead and instruct LOSER MEN on how to rip off their kids by putting assets in the new wife's name---teah em how to CHEAT and LIE to the government when filing income taxes as well because that is EXACTLY what you are doing telling this guy what to do. |
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philos34002
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you want help on cheating your children? take responsibility for your actions!
Additional response based on your addendums: $18,000/ 12 months = $1,500 per month
average monthly expenses: (some averaged and all estimated on my own expenses)
rent/ mortgage $1,000/ month
food $400/ month
power $100/ month
water $15/ month
telephone $30/ month
medical insurance (dental & prescription not included) $450/ month
car payment $400 month (that's an old used car)
car insurance/ tax/ registration $110/ month
clothing $100/ month (at least!)
incidentals (school supplies, unexpected expenses, dental check ups, prescriptions $100/ month
property tax/ assoc. fees (if applicable) $200/ month (low est.)
house maintenance expenses $50 month
heating oil $400/ month
gas for the car $100/ month
school uniforms/ music lessons. instruments. sports equipment/ club fees. etc $50 month
That's a total of $3,555 per month, that means your half of financial responsibility is $1,777.50
If you were living together, none of the above expenses would be considered unnecessary. Yes, you have your own expenses to consider, but that does not give you the right to inhibit your child's welfare. Do you want to cut down on the expenses? Which ones? A decent place to live? Good food to grow on? Electricity to cook that food? Medical insurance to keep your child healthy? Oh, of course, the "unnecessary" ones - music or sports. Did you, or do you, enjoy sports? Does it keep you healthier? Would you deny that to your child? Or if denying music, does your child have a talent that should be encouraged and enhanced, that might be their future?
Your ex-wife is the one taking care of YOUR child. Do you do the laundry, the cooking, the cleaning? Are you there every night to help with homework? Are you the one that cleans up the vomit when he or she has the flu? Are you the one dealing with the angst of a child, for all of the usual crises of childhood, including a parent's divorce? She does all of that and pays the other half of the support.
You get no sympathy from me |
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Princesa
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Just exactly how many kids do you have and how much are they taking out, because you could always go back to court and get the amount lowered |
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maleak
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We're in the same boat my friend. Consider putting the business in a living trust account. This way the trust owns the business, and not you. You'll be the trustee.
By the way forget about those kids above me. They've never been raped by the system and obviously they failed to read everything. |
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Donna
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Hmmmm well lets see...open up a business in your wife's name..have her contract you out..2 an another company..you rake in over 2000 a week for the company ..she pays you a wage of 500 per week...Now your child support payments will be reduced..2 around $15..per week...Gee where did I get that info from OLIVIA CRAWFORD..your a poor excuse for a women. |
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Rob
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For all those people ragging on this guy - has any one of you had to ever pay child support? I'm guessing the answer is no because there is no to know the hopelessness of the situation unless you have experienced it ... My kids mother collected 1200 a month from me for one child. We were never married and she kept the last name and she was living with another man before my son was a year old ... He is in Michigan and I am in California so I can not afford to see him on a regular basis ... She does not work or go to school and recently bought herself a brand new Chrysler 300M ... I would like to be a part of my son's life but I can't afford to ... Where is the justice in that? |
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