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Financial Planning / Tax Strategies

URL:  http://boards.fool.com/lol-well-first-of-all-i-am-a-little-concerned-30095390.aspx

Subject:  Re: Uncharted waters Date:  6/13/2012  4:21 PM
Author:  kmart00 Number:  116259 of 123001

lol!

Well, first of all, I am a little concerned about all these expenses.

We live in NYC, and have no idea how much work DD will actually get. At worst, DW will be driving in to the city (up to $13 in tolls each time + $20-$50 in parking) a bunch of times before landing a gig that would be limited (justifiably so) to 2 hours of work. If she lands 1 out of 10, that leaves very little profit.

Now with the tax implications, I am very concerned that we will spend more than she earns.

A couple of follow up questions (by the way... THANK YOU for terrific info!):

1) if DD does get hired, do