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[quote=Anonymous][quote=Anonymous]
Let's say, my husband makes 7 figures and I make $250K.  After taxes, that leaves me with $125K.  Assuming a 2 week bonus annually (and other random gifts/meals during the week), overtime, car stipend, and health insurance + employer taxes, I'm paying my nanny about $115K post-tax money a year.

Why would I work a stressful demanding job just to pay a nanny all but $10K of my salary, unless I REALLY loved my job and was anticipating a lot of upward mobility eventually (which is unlikely because as the lower paid spouse, I'm still doing a crapton of household management including handling nanny call-offs and other issues - I'm not exactly a comparatively stellar employee to those with a SAHP)? It just makes no financial sense.  And that's my point - there aren't any good answers, really, because I'm not going to tell someone what they are worth, but you are going to need to be a real value add to a family to demand $30/hour.

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First, 45 hrs a week at $30/hr comes to under $75K including OT. Say you give 2 bonuses of 1 week, that's under $3000. Health is whatever you want to set it at, but let's say $350/mo which is $4200 and brings it to ~82K. There is no car stipend, mileage is paid as used but you'd pay that doing the driving yourself or them using your car, that doesn't count. You don't need to pay for other gifts and food etc, but let's go ahead and say 3K to hiring it up to $85K. Let's not pretend that your taxes are part of their pay. Not all of the above us taxed, so ~$6000 in employer taxes, that's ~90K annually. So you're somehow adding $25K to your numbers that is extremely unnecessary.

Also, if your husband is earning 7 figures, I think you could afford to pay your nanny this amount because your income isn't the only one and his makes up for any loss in yours.

Plus, for many people, they don't use a nanny for the life of their child. They use their services for the first couple of years with the most development and then move on to preschool etc and might utilize PT help if still needed, but not FT. Infants/toddlers are the most work and at a crucial time, so it makes sense to pay a high amount for their care knowing it will be limited in length. I also don't stick.around for years on end to get multiple raises over time, so it's baked into the hourly rate to start with something good that doesn't need to have much room for financial growth.[/quote]

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