Reply to Sole breadwinner 350k/yr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes but then $175k of that $350k would go to taxes and another $75-$100k for childcare. A lot of the rest would be eaten up by other outsourcing and buying more clothes, dry cleaning and communing costs. Your lifestyle wouldn’t be much better, and you’d just have two stressed out overworked parents. [/quote]
You are trying to say that a 700k dual income household is the same as a 350k single income household?
No way. This is so far from the reality. [/quote]

I'm saying it's not that different from a 1 earner $350k and public school vs. 2 earners, $750k and taxes and private schools. [/quote]

Agree with the above.  In fact we are contemplating this right now.  Currently around 550k HHI with 1 in private and another one about to start private in a high income tax state (CA), with an Au Pair.  We have run the numbers and it would be financially feasible and potential better for our quality of life to move to a state with no income tax, I’d become a SAHP, send our kids to a good public, and my spouse (who works remote) would become the sole breadwinner on a 350k income.  [/quote]

a sole breadwinner of $350k can still afford decent private schools in many smaller markets, especially in the south. The best private schools (these are the HS rates, all cheaper in lower grades) in Richmond top out at $30k/yr. In Atlanta, $36k. Charlotte $29k. 
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Not sure about the others but if you do move to Richmond & want to send your kids to St. Cs, be aware that it is a VERY insular social scene. Money isn’t sufficient to be accepted.[/quote]

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