I just learned of new laws enacted this past January.
I just want to make sure I understand the intention of these laws.
You take your gross combined income which in my case is 6000. From there, if you have two kids, both parents must make a total contribution of 1384 per month to the children's well being. Based on what percentage of the total monthly income each parent makes determines what percentage of the child support each parent owes. In my case, I make 75 percent if the income and would therefore be responsible for supplying 75 percent of the monthly contribution and she would make up the other 25 percent. If had the children 75 percent of the time, then no money would change hands. If the time is equally shared, then I would give the ex wife 25 percent of the contribution so that she can contribute 50 percent.
Am I on the right path? I know there are always exceptions, but do I have the right idea?