The chart found in KRS 403.212 has not been changed in over 25 years, so yes, it is outdated. Subsection 5 of that statute gives the court discretion in determining child support in circumstances where combined monthly gross income exceeds $15,000.00. That basically means the judge gets to decide the appropriate amount of child support to award as long as the decision is not arbitrary or capricious.
In 2001, the Kentucky Court of Appeals tells us in the famous case of Downing v. Downing, 45 SW3d 449, that “beyond a certain point, additional child support serves no purpose but to provide extravagance and unwarranted transfer of wealth. While to some degree children have a right to share in each parent’s standard of living, child support must be set in an amount which is reasonably and rationally related to the realistic needs of the children.” This is sometimes referred to as the Three Pony Rule – no child, no matter how wealthy the parents, needs to be provided with more than three ponies.
Many Kentucky cases since 2001 have given us more guidance. One approach is to somehow extrapolate the guidelines, but there will be significant differences in the result depending on whether the method of extrapolation employed is linear, parabolic or otherwise.
For what it’s worth, I cannot remember hearing many cases involving parents with income of more than $15,000 per month who chose to proceed without counsel.
Now you know enough about child support where the combined monthly parental income exceeds $15,000 to be dangerous, so proceed with due caution!