3 ms·
Where I live (~DC), daycare costs 2.2k per month. With two kids and a 35% marginal tax rate (including state taxes and Medicaid/etc) you would need to make $81k
by zzleeper 3y ago
Where I live (~DC), daycare costs 2.2k per month. With two kids and a 35% marginal tax rate (including state taxes and Medicaid/etc) you would need to make $81k per year just to break even.
Add up extra food costs (vs cooking at home) and extra cleaning costs ($140 every two weeks so about $4k and the value prop of having one SAH parent doesn't look as bad (which is what several college-educated friends have done, sp the ones with 2+ kids)
- robertlagrant 3y agoAgreed, and if things are so busy people need to buy in food every night then their kids are probably seeing the worst of them, which to me is the main issue. I suppose what I meant more would distinguish between valid services that you buy because it makes your life easier, e.g. cleaning help, and government-mandated disincentives to stay at home, e.g. tax brackets.