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Private & Independent Schools
Reply to "DC privates educating suburban kids"
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[quote=Anonymous][quote=Anonymous]Wow, most of the DC families I know at the private schools are among the wealthiest 99th percentile in the US. Some of the stereotypes cast in this forum are simply outrageous.[/quote] To be in the 99th percentile of incomes if I am not mistaken you need have "only" more than about $275K gross annual household income -- that's a lot of cash, but many, many families earn that and more in the DC are and still find it hard to afford to send kids to private school. If you make about $250K, you're left on average with about 150-170K after federal, state, local taxes and ss/medic contributions. Less after putting away for retirement. To put two kids into priate school, means at least 60K down. Things add up, and suddenly those at the "bottom of the top 1 percentile" find themselves struggling to put two kids into private school[/quote]
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