Reply to Down and Out on $250K/year....

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Consider a two-income professional family making $420,000 a year, gross.  AGI is $385,000.  Mom makes $230,000, Dad makes $190,000. Their total tax burden -federal income, FICA, medicare, state and local, not including property tax - is $123,000. Do you really want Dad to stop working because he only get $67,000 after taxes, not even considering any childcare costs?  Seems like a dumb policy to tax this type of family to death.[/quote]

so you're telling me that a family bringing in nearly $300K after-taxes is just getting by?  GIve me a break.[/quote]

No, that's not my point. You totally missed my argument, which is why would you want to disincentivize someone with a graduate degree from working by taxing him highly, just because he happens to be married to someone who is also a high earner? It's the low incremental value of the second income to the family that I'm highlighting here.[/quote]

there are so many other benefits of working, though.  Maybe the lower income earner carries the health insurance for the family.  Maybe they have a better retirement plan.  Taxes are just a piece of the puzzle.[/quote]

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