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A comment on Evidence from leaked account data on how elites use offshore banking [pdf]. Parent comment

Re:Evidence from leaked account data on how elites use offsh... by mrkurt on Saturday May 08, 2021 @05:05PM (#27090675)
Middle class engineers make 7 figure salaries?
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Re:Evidence from leaked account data on how elites use offsh... by Swizec on Saturday May 08, 2021 @05:41PM (#27090996)
No, that’s the top 0.35%

Where does the middle class top off? $125,000/year individual income puts you in top 10%. Pretty normal for a software engineer. Is that middle class?

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Re:Evidence from leaked account data on how elites use offsh... by dataflow on Saturday May 08, 2021 @06:00PM (#27091151)
> Where does the middle class top off? $125,000/year individual income puts you in top 10%. Is that middle class?

Depends on the location and cost of living?

And no I'm not saying you should just offset income by exactly the CoL. Obviously being in a prime location has its own benefits too. But you can't just assume the benefits cancel the extra cost of living either; they certainly don't cancel for everybody. The balance is somewhere in between. (I don't have a formula.)

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Re:Evidence from leaked account data on how elites use offsh... by philjohn on Saturday May 08, 2021 @07:05PM (#27091614)
With stock, bonus etc. the higher rungs of engineers in FAANG pull down 7 figures, yes.
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