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am I getting taxed on it....does it throw me into a higher tax bracket
If you are asking this question, you likely don't understand how taxes work. There is no such thing as being "thrown" into a higher tax bracket. Tax rates are only applied to the portion of your income that falls in that bracket. The portion of your income below that bracket continues to be taxed at exactly the same rate as before you got the extra $1k per month.
I would be able to have children. On 80K a year, I cannot currently afford to grow my family without significantly cutting my retirement and other savings rates, to say nothing of giving up my plans of purchasing a home before I turn 40. $1000 a month is less than half of a month of daycare for one infant in my region, but would make the cost more manageable for me.
It would also allow my partner to pay down his law school loans. I don't even count his income in our family budget currently because I expect everything above his car insurance, healthcare costs, and food costs to go toward student loans or retirement.
If this money was to be shaved off the top 20 S&P and you got $1000/month to do with as you please what would you do with it?
I'd use it to pay the extra taxes that the government would take from me that they use to give everyone $1000. Because my dividends would probably decrease by at least $1000 if they took that money from the top S&P.
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