Reply to When making more actually is a real tax disadvantage?

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[quote=Anonymous]I'm like you OP as a 1099 with DH receiving benefits on w2.

This is the way the US system is established.  You can either earn less total HHI and not have to spend on childcare.  You can put even more hours in expand your business by hiring someone but make much more $$ total so that you will in total make more even though you pay more in taxes.  Or - you can do what your are doing and most people are which is essentially working the most you can and balancing costs.  However, you won't come out too much ahead.  I'm not sure what you are expecting?

Another illustration is financial aid.  If your are broke, you receive FA.  If you're rich you don't need it.  But that most popular bracket of making $200-300k - that's the hardest for most families because you can afford tuition but you'd need to sacrifice discretionary spend to do so. In theory however you have the funds so typically FA is rejected.  You only have 2 other choices.  So this is your position and mine.

You can either try to get to the next level or really fall on your sword and not have funds for anything but not worry as much during tax time or you can realize that most people are in the same situation.  I'm not sure what else you are expecting from the numbers however as it is pretty black and white.

My very successful business parents always said that if you need or want more money your only choice is to simply make more.  Not save more but make more.  If you save you have less so even if you feel like you have more you don't.  Make more money baby!!!![/quote]

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