Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Dual 400k incomes vs single 400k income "
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]Last time I checked, more money is better. Was that your question?[/quote] Sometimes more money is actually less. IF you have one spouse who earns $400k and one who earns $100k, then you probably have to outsource childcare, are paying double FICA and SS taxes and the lower income is taxed at a much higher rate than it would be if stand alone. I know many people who actually bring home less with the wife working a lower paying job, but they are happy to do it since they don't want to take care of the kids and want equal partnership at home. [/quote] It only makes sense to not work financially for a LOT less than $100k. You are ignoring employee matching, 401k and IRA tax benefits, and the potential for future growth and the ease of remaining vs reentering the work force. But it is much harder and they already are wealthy. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
