How I negotiated a software-engineering job offer in Silicon Valley

Re:How I negotiated a software-engineering job offer in Sili... by thebradbain on Friday February 01, 2019 @03:39PM (#19058332)

Maybe that total would put someone in the 42% tax bracket (if you include city/state taxes, and even then I’m not sure), but that doesn’t mean someone would only keep 58% of their income, due to how a marginal tax system works, and that’s also not counting any itemized deductions and exemptions.

Any decent accountant should be able to save at least $10-20k more of that fast and loose tax total.

Also— if you’re paying $6k a month in rent, and you can afford the down payment, why not just buy a home at that point? If you want to relocate you can sell it and you’d get a decent mortgage interest deduction that would affect the bottom line.

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Re:How I negotiated a software-engineering job offer in Sili... by dmoy on Friday February 01, 2019 @03:43PM (#19058391)

Agreed. For a married couple at $300k in the bay area, less than $90k goes to taxes, and that's assuming just standard deduction. Realistically, if you're paying $6k/month for housing not including insurance, you're probably itemizing another $5-$10k above the standard deduction. And at $300k, you're hopefully maxing out a $19k 401k contribution pretax. Probably you'd be spending <$80k/year in tax.

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