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My 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 wit
by resters 7y ago
My 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?