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In California, a good chunk of that $300k is taxed at nearly 50%. Anyone who did not sell vested RSUs between 2020 and today likely has a negative delta, and pa
by NSMutableSet 4y ago
In California, a good chunk of that $300k is taxed at nearly 50%. Anyone who did not sell vested RSUs between 2020 and today likely has a negative delta, and paid taxes at peak prices.
It's still a lot of money, but it's not as much as you think it is, since it's not just pure salary. Even if it was, odds are it would still be taxed significantly, because most high-paying SWE jobs are in California or New York. California has 7x SWEs as Washington, which I would consider a better state in terms of how much overall compensation you can keep after taxes. It's better, but there's just less jobs in comparison.
- borroka 4y agoI work in California, make more than 300k not at a FAANG doing work that people with half of my competence would be able to do (but they would not be hired for the job), and I am not taxed at nearly 50%.
- NSMutableSet 4y agoRight, but what %s are your RSUs and bonuses taxed at?
- borroka 4y agoI get no RSUs and bonuses are taxed as W2 income. I don't quite get why there is this misconception that, at the end of the year, bonuses are taxed differently from regular income. Withholding by the company is what may change, but when I receive my W2 there is no special "bonus" section, the bonus is combined with other earned income and listed in box 1 of my and other people's W-2.