Family Law Economics, Child Support and Alimony Ruminations on Income: Part One
Steven J. Willis
University of Florida - Fredric G. Levin College of Law
Florida Bar Journal, Vol. 78, No. 5, p. 34, 2004
Family Law economic issues involve complicated matters of accounting, finance, and tax law. This article - the first in a two-part series - focuses on Florida issues involves alimony and child support.
Readers may want to think of Family Law from the perspective of a Tax Lawyer. In tax law, practitioners plan transactions to save approximately 35 cents on the dollar. The same kinds of planning techniques - from income deferral to expense acceleration - apply to family law matters; however, the consequences are much greater. If a person reduces his or her income by a dollar in a base period, he may save up to ten cents of child support - for many years. The present value could easily be more than one dollar. The same is true of alimony. Hence, while tax planning saves 35%, divorce planning may save 200% or more - just considering the alimony and child support issues.
A later article will focus on similar issues involving property distribution.
Number of Pages in PDF File: 6
Keywords: Alimony, Child SupportAccepted Paper Series
Date posted: July 11, 2010
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