Reply to SAHM with kids in school? Dealing with judgement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]She’s a wack job. Don’t mind her.

Depending on the audience I say I’m retired and not going back to work (which is true for the moment) but in all honesty, it doesn’t even make financial sense for me to work bc any amount I would bring would make us pay more in taxes than what I’d end up so just say that...that it doesn’t benefit you financially for you to work.

Or I say DH travels too much so it makes sense for me to be home but really it’s nobody’s business.  Anyone who questions you is either insecure or jealous or is too cheap.  I’ve heard people say it’s a complete waste of my education etc but I just ignore it and don’t let it get to me.[/quote]

That's not how taxes work. [/quote]

NP - Of course she won't pay 101% in taxes, but most people do not count the true cost of working.  When I quit to stay home, years ago, I was making something like $70,000.  Because of my husband's income, it was taxed (between local, state and fed) at almost 50%.  Add in child care costs, mileage and gas on second car, lunches, pantyhose, all of those restaurant dinners because I was too tired to cook, housecleaning service, etc. and I would have been working for $0 except the retirement contribution.  Yes, it makes sense to figure out whether it is worth it to work.[/quote]

No one pays a 50 percent tax rate.  We make close to 500k and our effective tax rate is in the low 30s including state.

I assume you still had a second car and ate lunch even after you quit your job.  You maybe saved a little bit on prepared foods, restaurant meals and house cleaning but that’s hardly worth quitting your job.

Put it this way - being out of the workforce for five years = losing $350k in income. Not to mention any raises you would have earned.  You also lost on around $100k in retirement contributions.  Unless your husband is a VERY high earner this money still matters.

Would you suggest a man should quit working because of the high tax rate and cost of a cleaning service?  I doubt it.  
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