Reply to What percentage of your net income goes to tuition?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We've been paying tuition for 4y and I feel like we are drowning.  Right now tuition takes up 25% of our net (but mortgage is only 19% - hello tiny house.)[/quote]

Yes, but you probably do not pay anywhere close to the percentage of your income in taxes that other posters do.[/quote]

huh? how do you know our income or taxes? I didn't mention how many kids we have in private school - just the percentage we are paying out.[/quote]

It is elementary my dear Watson.  If your private school tuition (25%) plus your mortgage (19%) take up a combined 44% of your net income, and that mortgage obligation only pays for as you put it a "tiny house", then even assuming that you pay full private school tuition for three or four children (which I assume that you do not have, thus the aforementioned "tiny house"), you would be nowhere close to paying the more than 50+% combined federal and state income tax rates that some posters are.[/quote]

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