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0 pointsCalRobert7y ago0 comments

People in the US almost always quote salary in terms of gross amounts - so if someone makes $200k, that's before tax. But it's not including the employer taxes.

I.e. their paycheck will show $16,666 per month at the top line, a bunch of state, federal, maybe local taxes, disability and social security (also basically taxes), etc. and then roughly $10,500 at the bottom line depending on your situation.\

Edit: sometimes people include stock in their pay. This can be perfectly reasonable (guaranteed grants in a publicly traded company) or complete BS (pretending your startup will sell for 1B+ even though you might as well just buy lottery tickets)

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hoaw7y ago

I think most countries does this. Of course that doesn't make the amount comparable between countries. It is mainly for practical reasons since that is the salary you negotiate for i.e. the amount they pay you (though in many countries the employer would deduct income taxes). In general I think a decent starting point, for higher salaries, tends to be what one can save. Because then people will often instinctively start asking for the bigger picture.

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0 pointsCalRobert7y ago0 comments

People in the US almost always quote salary in terms of gross amounts - so if someone makes $200k, that's before tax. But it's not including the employer taxes.

0 comments

hoaw7y ago

j / k navigate · click thread line to collapse