12 ms·

Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut

• whateveracct 5y ago
  I 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
• rdtwo 5y ago
  If you eliminate California income tax you get like 8-10% back so the math is really easy
  • refurb 5y ago
    Really? The 9% marginal rate doesn’t kick until $50k.
    • codeecan 5y ago
      These are software engineers, average base is $183K (https://www.levels.fyi/company/Stripe/salaries/Software-Engineer/ 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.
      • tfehring 5y ago
        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.
      • rdtwo 5y ago
        He did the math.
• advisedwang 5y ago
  https://archive.is/fDjnU https://archive.is/fDjnU