News for hackers. Stuff that matters.
Re:Be wary of imitating high-status people who can afford to... by lazide on Sunday December 11, 2022 @03:56PM (#33947398)
Interestingly, the $1 salary (with large equity) gives you massive flexibility in how and when you get taxed, and also a lot of additional negotiating power and flexibility with ex-wives (and the Court) on child support and alimony, at least in California.
Re:Be wary of imitating high-status people who can afford to... by chrisbolt on Sunday December 11, 2022 @06:03PM (#33948591)
Courts are oblivious to equity and other non-salary compensation?
Re:Be wary of imitating high-status people who can afford to... by lazide on Sunday December 11, 2022 @06:27PM (#33948801)
The calculations are based on income, which equity (until sold) is not. In most cases even then (capital gain).

Stock also varies a lot in price/value (sometimes being nearly impossible to value, say for private companies) and many arguments can be made (up or down) as to its value or potential.

A good lawyer can start to get traction there of course, and it won’t get ignored, but it is not easy compared to, say, a $5mln/yr salary, or 5 years of bonuses of $10mln, which you can just plug into the calculator and go.

[https://childsupport.ca.gov/guideline-calculator/]