I really need to get these skills up to snuff and get my butt back to the US. These salaries are ridiculous.
Not salary. It's total comp. Most of it is stock growth.
Makes sense actually. Still the tax paid on the sale of stock (held for a year or more I think) is taxed under the Bush era cap gains values of only 15% IIRC so that's pretty good.
When your stock gets awarded, the full amount is taxed as income. If you don't sell that stock for a year and then sell it, any gains from the price at the award date and the sell date are taxed as cap gains so not really.
Ugh that complicated things for sure.
> is taxed under the Bush era cap gains values of only 15%
Not really. A lot of it is taxed as income when vested, as mrep mentioned. And if you do keep them long term, at that level of income the long-term cap gains tax is 20%. And there is also the Net Investment Income Tax of 3.8%.
Re:My Salary Progression in Tech
by tejinderss on Friday March 15, 2019 @03:42AM
(#19397475)
What technologies you work in ?
Jesus, that's a quick career progression at Facebook...
Damn! I graduated MSEE from KU in ‘96 and make 1/8 that. Don’t go into hardware, kids.
Graduated from Kansas University in 2008.
2008 to 2010 - $50K CTO/co-founder of a small company
2011 - $125K SDE II @ Amazon
2012 - $125K SDE II @ Amazon
2013 - $175K SDE III @ Amazon
2014 - $217K SDE III @ Amazon
2015 - $200K E5 @ Facebook
2016 - $500K E6 @ Facebook
2017 - $800K E7 @ Facebook
2018 - $1M E7 @ Facebook
2019 ~ $1.25M E7 @ Facebook