Our divorce agreement provides me 35% of gross income. His income has increased by 100% and should remain stable for several years. He plans to decrease his payment to 30% or $30,000 vs $35,000. He claims this is necessary to pay taxes of 5.8% for state and then Fed. He said at $35,000, I would get 50 to 60 % of his net income, and would chose to retire instead. How do I determine if his rationale is correct in order to agree.
Thanks!
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Have the Judgment reviewed by an attorney
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I would need to review the agreement and order to be able to comment on the case.
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I would be suspect of his rationale. Talk to a tax attorney on this matter. It would seem to me that your income would increase since you are to receive 35% of his gross and his taxes would be the result of his increase and it would be off set by the decrease of having to pay alimony.
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