4 ms·
I mean, this very linked article lays out the finances of some people who are doing just that and it appears to be the result of some very expensive personal ch
by wavefunction 7y ago
I mean, this very linked article lays out the finances of some people who are doing just that and it appears to be the result of some very expensive personal choices rather than a fact of life.
- resters 7y agoMy point is that this is not the case. When you take out high Federal and State taxes, high rents, tuition, etc., it's about equivalent to $80K/year income without kids. Seriously.
- IanCal 7y agoCan you break that down? That's 420,000 pre tax and if taxes are 50% (I'd guess lower but I don't know the US system) that's more than 200k left over. Smartasset puts the take-home at 333k, 270k more than a household bringing in 80k. https://smartasset.com/taxes/new-york-tax-calculator#gO77UAYs9v https://smartasset.com/taxes/new-york-tax-calculator#gO77UAY... How are kids adding a quarter of a million dollars per year in costs?