531–540 of 583 posts
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federal + income tax + social taxes will be closer to 45% in California, at that income level (approx. 30% federal tax, 10% state tax, 4% FICA)
I am getting 42% according to this website: https://smartasset.com/taxes/income-taxes#gJwOxy2ei7 But that is without 401k/HSA/etc.
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Do you have any resources you can share? My understanding is it’s pretty difficult to lower your taxes meaningfully if all of it comes from wages.
Bogleheads forums or whitecoatinvestor. Even just 401k, HSA, 529, and megabackdoor roth should help bring down effective tax rate (for the $500k income being discussed). You will not get as low as someone with their own business or S corp, but the tax advantaged savings account should help.
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The idea is simply to acknowledge where your privilege helped you, and how others may not have had the same experiences or ease of access to certain things, etc. The trope of “he’s black and rich, and I’m white and poor” is irrelevant, as there are different kinds of privilege. In rural Alabama, being white and poor is going to lend you a much closer set of relationships than being black and rich. In SF, it may be th…
Bull. I've seen "check your privilege" used to shut people down, to shame them, etc. I've never seen it used as a positive thing. It's telling that you really want to say that no black person has privilege. You'd certainly never tell one to "check your privilege." How much time have you actually spent in rural Alabama? I say that because the most racist places in the US are urban, the NE and the coasts, not the south…
Firstly, I never implied or said that no black person has privilege.
Second, my entire point that you seem to be missing is that everyone should recognize what privilege they do have and have benefited from.
I’ve spent plenty of time in the South; I am not implying there is no way for a black person to interact productively with white people in the South. I am suggesting that, generally, in a lot of rural areas of the South, being white lends you more “immediate credit” than being black.
And, to your point, that was but one example. I could have said “inner cities,” and made the same point. That does not, in any way, change the point; it only serves to reinforce it.
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I agree people often misuse it, in the same vein that people often misuse other “you are the other” type arguments like equating conservative with Trumper or liberal with “socialist” or pick your favorite. But it’s misuse shouldn’t change the meaning of its intent. At least I hope it doesn’t, because I believe there is still value in empathy.
> But it’s misuse shouldn’t change the meaning of its intent. The use is the intent. And it's used as a weapon. Notice when it's used, and when it isn't. (You'd never say it to a black or brown person. Did I have "privilege" when I lived in a labor camp?) > At least I hope it doesn’t, because I believe there is still value in empathy. There is value in empathy, but "check your privilege" isn't empathy. You know nothi…
I didn’t say anything about your privilege. Were I to, I would be asking. There is nothing here to be defensive about.
I have no political goals here. We’re having a non-political discussion.
What can we European devs do to boost tech salaries in Europe? I love my five weeks of paid holiday, 14 weeks of paid paternity leave, and free healthcare. but I would still prefer early retirement instead of working till 65.
Hey, you know how to make a million dollars? Start with 10 million.
If you absolutely must start with nothing but a master's degree, just get high paying jobs and don't spend _all_ your income.
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> I have no idea why I thought CA was common law. My guess is that it isa conflation of “community property” with “common law”, as both relate to marriage and are similar enough in name that it is easy to swap them in memory. Also, community property is the one more relevant to what happens in divorce, while common law is about formation of marriage.
You're right, that's where I got confused. Since I was married, everything was considered community property, so it's good to know California doesn't enforce community property on non-married couples, since it doesn't recognize common law marriages.
Whether this is true (in the absence of a prenup, etc.) depends on record keeping and where (and particularly when) your assets come from; the somewhat oversimplified version is that a ssets (and debts) acquired between the beginning of marriage and separation that are not gifts or inheritances specifically intended for one or the other of the spouses are community property by default, those acquired before marriage or after separation (even before divorce) are separate property.
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There is also nothing -- literally, nothing -- to prevent you from finding a remote work contract with a US company, and billing them at a rate appropriate for the US market. From your point of view, there is no VAT chargeable on B2B services supplied to a customer located outside the EU, and you can get paid easily using a Wise account. From the client's point of view, give them a W2-BEN-E and they can effectively c…
Do you mean 1099 status?
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Masters, extra hours, working above my level, taking on extra responsibility, volunteering for initiatives at work, working on personal projects in my own time, multiple certs, business acumen certs, etc. The number of opportunities to make significantly more money are exceedingly rare. Especially with family constraints like not being allowed to move or no longer able to work extensive unplanned extra hours due to c…
You have the resume for sure. Have you worked on your social/emotional intelligence/interviewing skills?
There aren't a lot of opportunities in my area (Philly region). Even many remote jobs are not worth applying to (only going to switch if it pays at least $100k).
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"I learnt that even an average engineer with a five-figure salary can become a millionaire by her late 30s, through financial discipline and investment planning." Then why doe the article mention average as part of the target audience? "The implication of the article, that such compensation is reasonably possible to a moderately competent software developer working for big companies in the United States, seems pretty…
Exactly half of US devs earn at or below the median. Which also means half earn at or above it (ignoring the small percentage at exactly the median). I don’t know where you’re statistic comes from but obviously for most of the companies in the OP, salary is only part of the compensation with stock being another part. So someone with a salary of $105k at such a company probably earns more than that when you include st…
https://www.glassdoor.com/Salaries/software-developer-salary-SRCH_KO0,18.htm