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Dec 11, 2019
9:58
:12
am
Pimpin4Paradise
All-American
That would be a little sketchy imo. Your effective tax rate is probably 40% between state and federal not to mention
your take home after benefits is less than that. You really want to pay someone $65k of a $160k take home?
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Pimpin4Paradise
Previous username
ChubbyChaser
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Pimpin4Paradise
Joined
May 2, 2008
Last login
Nov 12, 2022
Total posts
56,121 (5,737 FO)
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Messages
Author
Time
How much money would you have to make annually to consider having a full-time nanny to help with cooking/cleaning etc.?
scootsy
Internet Thief
12/11/19 9:33am
Over 1M with little or no debt
Slim
12/11/19 9:36am
500k at a minimum
Pimpin4Paradise
12/11/19 9:36am
Not sure. In today's dollars, what did an architect make in the 70s?
cucciolo25
12/11/19 9:41am
Is it a two income family? Is mom's health good?
Ycrazy
12/11/19 9:43am
I guess either scenario. Either a working mom, or a mom in poor health.
scootsy
12/11/19 9:44am
In those cases maybe 300K to justify spending 65K a year.
Ycrazy
12/11/19 9:45am
That would be a little sketchy imo. Your effective tax rate is probably 40% between state and federal not to mention
Pimpin4Paradise
12/11/19 9:58am
Yeah looking at those numbers I would have to raise the bar. Maybe 400K.
Ycrazy
12/11/19 10:00am
National average nanny rate is $19/hr. Pay $20 and you are at 41k full time.
Plato
12/11/19 10:44am
Except for the fact that if you employ a full-time nanny, you're going to be responsible for payroll taxes. That will
Pimpin4Paradise
12/11/19 10:46am
Cost of living is a factor. If you live in a high-COL area, your nanny rate isn't going to be $19/hr.
mik3
12/11/19 10:47am
My guess is that high COL ares employ a disproportionate % of full time nannies,
Plato
12/11/19 10:56am
If the source for the $19/hr claim is Google via nannylane.com, that figure isn't representative.
mik3
12/11/19 11:07am
$66K.
Ragnar Danneskjold
12/11/19 9:43am
Yup. If the nanny is good enough, you don’t have any expenses
Nikomedes
12/11/19 10:00am
I'm not sure I'd want a full-time nanny even if I won the lottery
Avery
12/11/19 9:46am
It depends on how I'm making my money
Ned Schneebly
12/11/19 9:49am
Get a part time chef and part time cleaning person. Better to get experts.
FrontLineFan
12/11/19 9:50am
I would never want one
Cougar TD
12/11/19 9:52am
I've had full-time Au Pairs for childcare. Are we talking a second person?
annapcoug
12/11/19 9:53am
Yeah I once tried getting my vallet to man the kitchen, not a good idea. Gonna
coug almighty
12/11/19 10:16am
65k seems high. Does that include payroll taxes and benefits?
Plato
12/11/19 10:40am
RE: 65k seems high. Does that include payroll taxes and benefits?
scootsy
12/11/19 10:45am
Also, if you aren't a member of an exclusive golf club because of the cost, then
Plato
12/11/19 10:58am
1.5 to 2 unless I didn’t buy an unreasonable house
cougfanz
12/11/19 11:07am
Probably 800k. I think at 500-600 I'd go for a part-time nanny
buckles
12/11/19 12:57pm
Its a problem to acknowledge someone?
coug almighty
12/11/19 2:38pm
🙂 TIC brother
buckles
12/12/19 8:26am
Would be for me. I’ll never want someone living with us.. unless had to for some
cougfanz
12/12/19 9:59am
What if it really costs $40K per year? $15/hour with 1.5 x for overtime.
HoustonCougar
12/11/19 4:28pm
Okay, it's really not that expensive
annapcoug
12/11/19 4:49pm
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