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Reply to "household income of 250K to send kids to private school"
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[quote=Anonymous][quote=Anonymous]What do you think of a family with a household income of 250K to send their two kids to private school? Other than the tuition, do you think socially the kids can fit in? [b]What's the medium income for the families in private schools?[/b] Where to find such statistics?[/quote] Many have significant wealth plus higher than average income (which is taxed like crazy, as shown previously). Or the grandparents pay it, which if they are wealthy, is a tax-efficient smart way to spend your inheritance. I'd much rather call my investment account and sell some bonds and stocks to pay two DC area private school tuitions than run a cash flow/income model every year. If you are an income-only family (which half of us are), there is a lot you can do with $80-100k after tax dollars, including compounding it for college donations, college tuition savings, retirement savings, a nicer life. AND not be stressed out about your family budget. [/quote]
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