Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut
1–8 of 8 posts
Re: Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut
#2I mean .. that's an easy profit.
$20k now
10% cut
Leave NYC or SF for even another city like Seattle or Chicago or Austin and I'm pretty sure you win
Re: Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut
#3If you eliminate California income tax you get like 8-10% back so the math is really easy
Re: Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut
#4If you eliminate California income tax you get like 8-10% back so the math is really easy
Really? The 9% marginal rate doesn’t kick until $50k.
Re: Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut
#5If you eliminate California income tax you get like 8-10% back so the math is really easy
Really? The 9% marginal rate doesn’t kick until $50k.
These are software engineers, average base is $183K (https://www.levels.fyi/company/Stripe/salaries/Software-Engi...), so you agree to $18.3K reduction, get a 20K bonus and save (183-50) * .09 = 12K? in taxes.
Average rent in SF is $4K? vs Austin is $2K? ... seems you'd come out ahead by ~24K + 12K - 18.3K = $17.7K / year.
Re: Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut
#6Re: Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut
#7Earlier quoted context omitted.
Really? The 9% marginal rate doesn’t kick until $50k.
These are software engineers, average base is $183K ( https://www.levels.fyi/company/Stripe/salaries/Software-Engi... ), so you agree to $18.3K reduction, get a 20K bonus and save (183-50) * .09 = 12K? in taxes. Average rent in SF is $4K? vs Austin is $2K? ... seems you'd come out ahead by ~24K + 12K - 18.3K = $17.7K / year.
Plus ~$6k in federal income tax on the $18.3k at a marginal tax rate of 32%. And maybe state taxes on equity comp too, not sure if or how that would be taxed in CA.
Re: Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut
#8Earlier quoted context omitted.
Really? The 9% marginal rate doesn’t kick until $50k.
These are software engineers, average base is $183K ( https://www.levels.fyi/company/Stripe/salaries/Software-Engi... ), so you agree to $18.3K reduction, get a 20K bonus and save (183-50) * .09 = 12K? in taxes. Average rent in SF is $4K? vs Austin is $2K? ... seems you'd come out ahead by ~24K + 12K - 18.3K = $17.7K / year.
He did the math.