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You'd have to be making 700k+ a year to be banking 300k after tax. Perhaps the valley slipped away from me but I find it hard to believe that there would be ave
by CaveTech 9y ago
You'd have to be making 700k+ a year to be banking 300k after tax. Perhaps the valley slipped away from me but I find it hard to believe that there would be average employees in that range.
- nappy-doo 9y agoI did it at a FANG, and it wasn't 700k/year. Admittedly, this is the longest runup in stocks we've had for some time, but just prudent saving and investing (and possibly working for a FANG outside the valley) did it for me.
- loeg 9y agoYour tax math is bad. The pre-tax figure, even with California income tax, is closer to 500k than 700k. And some of that 300k/year difference is coming from growth of invested savings, not just W-2 income.