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Reply to "Two-career couples: how much do you spend outsourcing household chores and child care?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The income tax burden change for the switch from one to two earners generally favors the one earner mode. 130k joint filers pay federal at what, 15 percent? Add another 100 k from second earner and joint filers would pay at 30 or so percent on the 230k. State income tax affected too. Above is approximates only to illustrate the point. Also, Higher incomes push you out of being able to use many of the categories of itemized deductions. Oh and alternative minimum tax lurks too. [/quote] An extra hundred thou gross is still worth it IMO[/quote] Well, maybe. If the total state and fed taxes are 40 percent on that 100 g, and you need to pay nanny 50k, you are up 10k for working all year. At best. [/quote] But they won't be. Who pays 40%?? My effective rate was 13% last year. [/quote]
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