I'm a physician in a highly compensated sub specialty and my wife stays home with our two young children (3yr and 9mo). With my income alone, my AGI is right about at the line where every extra penny we make is taxed at the full marginal rate of 39.6%. My wife likely wont make more than 40k if she returns to work as a social worker. My concern is that on a post-tax basis, it would amount to only about 25k--most if not all of which would then go to child care expenses. So its almost that her going back to work would bring more headaches for her and our family without any financial rewards (I know its not all about financial rewards, obviously her professional satisfaction would be greatly improved)
Anyone else navigate this problem before and how?
Anyone else navigate this problem before and how?
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