We're Levels.fyi, the most accurate resource for tech salaries, ask us anything • Hacker News Board

Re: We're Levels.fyi, the most accurate resource for tech salaries, ask us anything

#111

Post by bern4444 » Thu, Jul 01, 2021, 3:04 PM UTC

LadyCailin wrote: post #100

bern4444 wrote: post #93

Earlier quoted context omitted.

If you're granted stock on a vesting schedule (even if its 1 year), doesn't it qualify for long term cap gains if you don't sell? So you only pay potentially long term capital gains. versus If you get cash, pay income tax on it, and then invest it, and then pay cap gains, that's another round of taxes you pay no?

No, pretty sure not. First of all, the “buy” date is the date it vests, not the date it was initially granted. Secondly, you pay normal income tax on stock grants. So if $100 of stock vests today, you pay normal income tax on $100, and the cost basis and “buy” date are set to $100 and today. If you hang one to the stock for a year, then sure, you get long term gains, but then it’s the same boat as if you just got cas…

Okay, thanks for the walk through. Getting my first stock grant later this year and I was a bit confused by this

Re: We're Levels.fyi, the most accurate resource for tech salaries, ask us anything

#112

Post by borroka » Thu, Jul 01, 2021, 3:14 PM UTC

bradlys wrote: post #103

borroka wrote: post #61

Earlier quoted context omitted.

For every job that it's open in one of the FAANG, recruiters get thousands of applications. It sounds like many are trying, but the vast majority never gets a call back. Others cannot pass the interview. Others again are not interested in working in a very demanding environment. I worked at a FAANGs, now I work in lower-tier tech company. I make 3/4 (low-ish upper tier) of what I used to make, I work 1/8 of the hours…

$300k at 5-10hrs/week is likely to be obscenely obscure and not a good reference point for anyone. Yours would be way more desirable than the FAANG stuff. People could moonlight for your job easily…

Agreed about the extremeness of my case, although I would not call it as "obscenely obscure". There are plenty of people who went from FAANG to tech jobs of lesser responsibility, maybe they don't work 10 hours a week but 20, maybe they are half of what they used to make (not my money - say from 500k to 250k), they have greatly reduced worked-related stress, they can play with their kids or partners, and they would not go back to back-stabber friendly meat-grinders.

Re: We're Levels.fyi, the most accurate resource for tech salaries, ask us anything

#113

Post by swiftcoder » Thu, Jul 01, 2021, 4:37 PM UTC

thebean11 wrote: post #110

swiftcoder wrote: post #109

Earlier quoted context omitted.

Assuming you didn't buy too close to the annual forest fires, and neither the mortgage crisis or the pandemic wiped out housing prices in your area, yes. Unfortunately hard to predict those events at the time of house purchase. Some people do very well on Bay Area real estate, some not so well.

Yeah, it's hard to predict events like that in any asset class, what's your point? Keep it in cash? In what areas did the pandemic wipe out housing prices?

> Yeah, it's hard to predict events like that in any asset class, what's your point? Keep it in cash?

Obviously not, but do diversify your investments.

A lot of homeowners are putting the vast majority of their portfolio in real estate due to the inflated home prices. Most folks taking on a $1 million mortgage with $200k down, don't have an addition $500k of other assets to fall back on if the housing market drops half the value of their house.

Re: We're Levels.fyi, the most accurate resource for tech salaries, ask us anything

#114

Post by tester756 » Thu, Jul 01, 2021, 5:01 PM UTC

xxpor wrote: post #74

tester756 wrote: post #9

Earlier quoted context omitted.

But isn't it like that e.g EU branch of $FAANG company does less cool stuff? e.g Google EU does CRUDs and maintains GCP meanwhile cool stuff is being done in MV?

Hey, maintaining GCP is probably more interesting than you think ;)

You're right