re: Livingston Parish 1% tax for teacher raises fails to pass

At some point, you'd be better off investing the education funds into a private account, earning interest and dividends, each year and give it to the kid when he turns 18 instead of trying to educate him. In many cases the kid would end up with more than he could net in his lifetime. I'd bet, in many urban districts where the most money is spent (stats vary greatly depending upon what is considered "student expenditures" with some sources showing NY spending almost $40,000/yr), assuming a relatively conservative 5-8% return on investments compounded over 13 years, it'd get you pretty close to a million bucks. Someone would have to make $1.4 M to net that after taxes. there is a threshold at which we need to ask ourselves if the investment is worth it.