You're right, I was unclear. $50k is our after-tax spending (including housing, which we're renting at market rate). For a couple making $130k like you mentione

You're right, I was unclear. $50k is our after-tax spending (including housing, which we're renting at market rate). For a couple making $130k like you mentioned above, with the worst-case scenario of 0 deductions or tax credits, total state+federal income tax should come to about $40k, leaving ~$90k after-tax to play with.