2 ms·
Yeah, after adjusting for taxes, my wife made more money than I did (in opportunity costs anyways) the years we had 4 kids at home.
by aidenn0 3y ago
Yeah, after adjusting for taxes, my wife made more money than I did (in opportunity costs anyways) the years we had 4 kids at home.
- sokoloff 3y agoWe came to a similar conclusion and my wife wanted to stay home with the kids. Her income, when taxed at our full marginal tax rate, would have otherwise been nearly completely consumed by childcare and other costs we could avoid if she worked on the household. So, we lost 5 years of her 401k contributions in exchange for her getting what she preferred, what the kids enjoyed, and a lot more meals at home as a family. That trade was well-worth it.