Reply to Sole breadwinner 350k/yr

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[quote=Anonymous][quote=Anonymous][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]

Where are these states with no income tax and good public schools? Certainly not Florida - you need to send your DC to private school if you want a decent environment (i.e., soap and toilet paper). [/quote]

There absolutely are good schools in Florida!  I don’t understand how someone can think that in such a large state there aren’t any decent public school districts.  How do you end up so ignorant and uneducated?[/quote]

You have very low standards for education if you think this!  I've lived in "good school districts" in FL, TX, KS, and CA.  "Good" is relative to the terrible surrounding areas and is a euphemism for MC/UMC.  Many of those kids do well because their parents get them tutoring or teach them on the side.  The school doesn't do it or even provide the ratios and resources to enable this - the school simply starts with better students, so their scores are higher.[/quote]

NP. This might be true, but if one parent is not working then teaching them on the side is not so unrealistic. Perhaps more critically, they can also supervise them more easily and prevent them from spending time with people who will be a bad influence / encourage positive relationships.

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