Median employee salary IBM: $54,491 Intel: $102,100 Salesforce: $155,284 Twitter: $161,860 Netflix: $183,304 Alphabet: $197,274 Facebook: $240,430 Renaissance Technologies Manager $1,700,000,000
According to the Bureau of Labor Statistics (BLS), the median wage for workers in the United States in the fourth quarter of 2017 was $857 per week or $44,564 per year for a 40-hour workweek. https://www.payscale.com/cost-of-living-calculator
What kind of tax rates are these employees paying in the US? How much is someone on 240K at face book going to actually take home at the end of the year? Also im wondering if those salaries include stock options.
In Russia 99% even don't not make 1K a month. And pensions are even lower or almost non existing. They probably compare salaries with Vkontakt instead of Facebook.
feeling jelly? lol... stocks should be extra... salary is salary....yes these people do make a lot... partly to compensate the high living cost, but more importantly these new tech giants generate much higher profit per employee than traditional companies.
No was not jelly, i used to earn more than that as a Java Developer when i worked in IT 10 years ago. I was just thinking about the huge difference in pay between twitter and facebook, thought it might be down to stock options.
There are two income taxes in the USA. One federal income tax applicable across the USA and one state tax. For $250K, the federal income tax is approximately 35%. For the state income tax, it varies widely from no tax to approximately 12%. You would have to do more research to get exact figures. I believe California, Oregon, Minnesota, Iowa and New York are among the highest. If a taxpayer lived in California for example, his total tax rate would be approx. 35%+11% or 46%. Texas, Florida, Washington state, Nevada and a few others have no income tax. For individuals living in these tax-free states, their total income tax rate would be only the federal income tax rate of 35%. However, states augment their revenues by using regressive taxes such as car registration fees, gasoline taxes, state sales tax, highway toll fees, perhaps a highway tax, etc... States with higher state income taxes also tend to offer better publicly financed benefits such as better public universities, etc... Tuition Costs: California: $5,742 per year. Texas: Average $9,265 per year. ================================ The above is for educational purposes only and not meant to be tax advice. Consult your tax advisor for any tax related questions you may have.