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Reply to "Can two fed govt job family afford to send two kids to elite private school?"
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[quote=Anonymous][quote=Anonymous]Just to be clear, when you make in the 400k range through salary and live in Montgomery County about 38% is going to taxes. Through in maxing out on SS, Medicare tax and the new health care tax and other taxes and a good chuck of your income is allocated to the gov't. So 60k for school post tax is a lot more than 60k. Also, if you have two parents working fulltime you usually have to pay extra for care to cover before and after school, summer vacation, and the random days off so that adds a good bit on top of the private school tuition.[/quote] All very good points.[/quote]
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