Stripe Saw Major Uptake of Staff Offer to Move with 10% Pay Cut (opens in new tab)

(bloomberg.com)

33 pointsarchimag04y ago7 comments

7 comments

rdtwo4y ago

If you eliminate California income tax you get like 8-10% back so the math is really easy

Really? The 9% marginal rate doesn’t kick until $50k.

These are software engineers, average base is $183K (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.

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

j / k navigate · click thread line to collapse