241–250 of 303 posts
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People not understanding progressive taxation on a thread about making 300k+ is a bit funny.
I wonder how many libertarian ideologies get forged simply because they don't understand progressive tax rates.
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I wonder how many libertarian ideologies get forged simply because they don't understand progressive tax rates.
If you already believe taxation is theft, why would you bother with the specifics?
So, I understand GPs question.
For the most part you'd live in a place like NYC or the Bay Area to come up with these kind of salaries. So let's assume you live in the Bay Area (California). New Federal income tax is 35% for that salary range then add 13% coming from beautiful and sunny California. We're at a 48 % tax rate. Let's round that up to 50% to simplify our maths. Congratulations - you are now making $150k/year! From 300 down to 150 just…
* What do you do? "Internal Tools & Automation". String together data pipelines (source and sink), write system tools, rapid app development for small and time limited tasks, review and optimize code for the team at large, public API reviews for usability / sanity. * What is your job title? Whatever I want :^). But my card currently says Lead Automation Engineer * What is your total comp? Amortizing my RSUs, it's abo…
10-15 years experience coding, ~3 years experience in leadership/management. Currently in webdev, spend 50/50 time coding vs management work.
$165k base, ~$190-210 total comp depending on year. Work 35-40 hours a week.
Mostly feel that I got here by being in the right place at the right time (luck), and being able to evaluate opportunities and accept a little risk chasing promising, but uncertain companies/positions when they become available. Also learned the importance of self-marketing and how to make yourself valuable.
May not be the best place to ask, but I'll give a try: is this salary range in SV only for software (web and mobile)? Is there any chance an electronics, RF or DSP/FPGA engineer to reach these values? Asking for a friend...
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Other western governments take care of healthcare costs, unemployment benefits, maternity/paternity leave, holidays, education costs and retirement. For example, in France or Germany, tuition fees for your kids are minimal while it's a fortune in the US. Or the governments in Europe mandate companies to pay 4 or 5 weeks of holidays. If an employee in the US wants to take 5 weeks, he/she has to pay 3 weeks out of thei…
If you are working in SV for one of the MAFANGs or tech unicorns, you will have: healthcare covered by employer, generous severance package, 99 weeks unemployment benefits from California govt, parental leaves, 401k benefits. You will not have great public education in most of SV, but the salary differential will more than make up for the cost of private schools. If you are upper middle class or higher in the US (whi…
Please change to: your purchasing power is better than most places in the world.
Do not confuse purchasing power with better life. 13% of Americans are on anti-depressants. I know many "successful" people in my very affluent suburb of a major US city, who have an addiction problem ( prescription drugs, mostly).
Add growing social isolation, caused by constant uprooting (moving from place to place to advance one's career).
As they say, "all that glitters is not gold"
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Competition, and value. At the height of Microsoft's days, the average employee generated something like $2m in value. Take a dozen companies like that, where the income of the company divided by the number of employees is still in the millions, and have them fight for the best talent. Lately, tech is especially special for this because a good employee is so much more valuable than a bad one. Some developers honestly…
There's still the question of FAANG branches in other parts of the world not paying nearly as much as they do in the US, which is bullshit to me - if an employee generates value while working in the US, it does so outside of it as well. Companies this big shouldn't lower their compensation to match the country they operate in, I feel like it's an insult to employees who simply were born/decided to live in a different…
Reading such a post on HN is only fanning my financial insecurity. I'm a Comp. Engineer in early 30, who used to draw approx. 130K (105 + 25K RSUs) from a major company in the south east USA. Moved to Europe(Denmark) for personal reasons, and have been essentially working for less than half that money I used to make. ($96K after taxes in US vs $48K after taxes in Denmark) - 10 years of experience. Before you ask, tha…