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Effective tax rate would come out to about $100k, not 180. Income tax brackets are marginal... https://www.taxact.com/tools/tax-bracket-calculator.asp https://w
by rco8786 10y ago
Effective tax rate would come out to about $100k, not 180. Income tax brackets are marginal... https://www.taxact.com/tools/tax-bracket-calculator.asp https://www.taxact.com/tools/tax-bracket-calculator.asp and https://smartasset.com/taxes/california-tax-calculator#CZ1KwRP7vr https://smartasset.com/taxes/california-tax-calculator#CZ1Kw...
You also just kinda snuck in a random 72k/year for something that was never discussed.
How about a spouse who also works? Would likely cover that 72k right there. 300k was a single person's income in the context above.
How about public school? How about just not sending them to the most expensive private schools possible?
- lostlogin 10y agoI've just been chewing that over. That childcare cost is phenomenal and illustrates Bay Area prices to me better than housing cost examples. Unless that cost is completely misleading...
- dragonwriter 10y ago> That childcare cost is phenomenal and illustrates Bay Area prices to me better than housing cost examples You can pay that much for elite child care in places that aren't the Bay Area. The Bay Area probably has more people that are price-insensitive enough to imagine that the kind of places that charge that much are a reasonable minimum for "high-quality" child care, though, but that's more a difference in incomes than costs.
- makerman1982 10y agoTo be fair "elite" here means a child care facility that can stay overtime when I am stuck in the office on production duty till 9pm, which is like every week. This isn't a government job where I'm guaranteed exit at 5pm on the clock.