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by wavefunction 2597 days ago
I mean, this very linked article lays out the finances of some people who are doing just that and it appears to be the result of some very expensive personal choices rather than a fact of life.
1 comments
resters 2597 days ago
My point is that this is not the case. When you take out high Federal and State taxes, high rents, tuition, etc., it's about equivalent to $80K/year income without kids. Seriously.
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IanCal 2597 days ago
Can you break that down? That's 420,000 pre tax and if taxes are 50% (I'd guess lower but I don't know the US system) that's more than 200k left over.

Smartasset puts the take-home at 333k, 270k more than a household bringing in 80k. https://smartasset.com/taxes/new-york-tax-calculator#gO77UAY...

How are kids adding a quarter of a million dollars per year in costs?

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