[quote=flu]
$250,000 household income isn’t “wealthy” in some higher costs states like CA/NY, that’s Single people making $125k/year. Particularly, by definition “household” usually includes “children” and no, despite what some people may think about having a tax benefit for having a child, you still come out negative UNLESS you happen to be like the octet mom who completely depends on state disability and welfare.
[/quote]
C’mon FLU… $250k is a lot of money even in CA & NY, and yes, I’ve lived in both. Sure, a couple living in Manhattan might want that kind of money to keep up appearances, but paying 2-4% on the income over $250k isn’t going to break them, force them to leave the country, or make them quit and take unemployment.
Besides, the point of married income being less than 2x single is that it’s not half-bad if someone stays home with the kids. And the folks making $200k each probably won’t go bankrupt if one goes part-time.
