Originally Posted by
MoonShot
All this talk of how easy it is to make $600k makes me wonder about the $/QOL ratio.
Obviously this depends on the pilot, but when does the $ eaten by taxes vs. just enjoying time off become not worth it to you?
For me, it’s around the top of the 24% bracket. Add in state taxes (most but not all states), Medicare and it’s surcharge taxes, phaseout of the child tax credit close to the top of the 24% bracket (if you have kids) and once you’re in the 32% bracket you can very easily send close to 1/2 your income to Uncle Sam. With our ability to “manipulate” how much we work, it just doesn’t seem worth it to work yourself into the ground once you’ve made enough to cover your expense and savings goals.
I know for me, there is a tremendous difference in QOL working 8-10 days a month vs. 16-18. Like a huge difference. Just curious how others view it?
I'm with you, I try to stay 10 days or less worked in a month and the QOL difference is massive. I'll occasionally go above that if there are some easy good deals or something pops up when the local wx sucks and/or we have nothing going on. You bring up a good point that I think many don't calculate...what do you actually need? Once I broke from the accumulation/stockpile mindset, my QOL has increased dramatically.