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I think you're overreacting. If you're making, say, $400k in total comp at Stripe in San Francisco (which doesn't seem unreasonable[0]), you could move somewher
by RussianCow 6y ago
I think you're overreacting. If you're making, say, $400k in total comp at Stripe in San Francisco (which doesn't seem unreasonable[0]), you could move somewhere with drastically lower cost of living for a cut of only $40k a year. There aren't very many opportunities to live wherever you want and make $360k, period, so it's still likely a net win for the employees.
[0]: According to levels.fyi - https://www.levels.fyi/company/Stripe/salaries/Software-Engineer/L3/ https://www.levels.fyi/company/Stripe/salaries/Software-Engi...
- protomyth 6y agoWhat's the income tax like in California?
- RussianCow 6y agoI don't live there, but a quick search shows it in roughly the 10% range for the salaries we're talking about (as a single tax filer).
- s1artibartfast 6y agohttps://www.tax-brackets.org/californiataxtable https://www.tax-brackets.org/californiataxtable Roughly 10%
- philsnow 6y agoCalifornia also has one of the highest state sales tax rates, and individual counties also put their own sales taxes on top of that, which can add up to 10.5% in the worst case, so you get taxed "coming and going".
- lostlogin 6y agoThe administration of sales tax was baffling to me when in California. Things had a price on them and when I got to the counter the price paid was different. However the amount paid seemed to vary across California. How this came to be and how it is tolerated remains a mystery to me.
- protomyth 6y agoIn the US, sales tax is not listed in the price unlike VAR in Europe. Counties and Cities often have additional and varying sale taxes in addition to the State's percentage.