Is that cash, or is a significant amount of that stocks/shares or other non-cash reimbursement (which I assume is subject to tax at the point it's realised)?
It's generally 50% RSUs which are stock but equivalent to cash for all intents and purposes. Only difference is that you need to stay at least a year to get paid. The post-tax money I mentioned is with everything getting taxed as income.
speaking for google, it's a mix of: base salary, annual bonus, and restricted stock units, which are taxed at vesting time.
It blows me away every time I read an article about places other than SF and NYC: I could buy an extremely nice house, in cash, in most parts of the country, for less than a reasonable down payment on a crappy house in the bay area.
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Is that cash, or is a significant amount of that stocks/shares or other non-cash reimbursement (which I assume is subject to tax at the point it's realised)?
FAANG stock is essentially cash equivalent because it is highly liquid. However, some companies also pay straight cash at those levels (or higher).
It's generally 50% RSUs which are stock but equivalent to cash for all intents and purposes. Only difference is that you need to stay at least a year to get paid. The post-tax money I mentioned is with everything getting taxed as income.
speaking for google, it's a mix of: base salary, annual bonus, and restricted stock units, which are taxed at vesting time.
It blows me away every time I read an article about places other than SF and NYC: I could buy an extremely nice house, in cash, in most parts of the country, for less than a reasonable down payment on a crappy house in the bay area.