All discussions here only about gross TC. But hey, people, how much salary do you have in real money, after paying taxes, (especially with RSU and bonuses taxes are significantly higher that taxes from base salary)?
Take home? Just plug it into a tax calculator
TC is what your employer compensates you. What you takes home depends on lots of other factors like how much you put in 401k, espp, how much your spouse earns, how many kids you have and how much mortgage interest you pay, etc.
There are multiple savings rate threads. Thought people understood the various factors when talking about TC, that's why everyone asks about COL and location due to tax differences and other factors.
Taxes on rsu and bonuses are the same as base. All are taxed as regular income...
If your RSUs are being taxed at ordinary income you're making a mistake.... you should be filing an 83b election so that they are taxed at the capital gains rate instead.
Bet you 95% of people here have never filed an 83b... this is blind people hate money here.
These people should fire their CPA..... I can't imagine paying ordinary income on RSUs!
I was wrong. What my company offers is restricted stock, which is different from RSUs. You can do an 83b on restricted stock, but not on RSUs apparently.
Fairly early stage? Would imaging restricted stock 83b would get quite expensive otherwise
Yes, the stock was granted for pennies per share but sold last year for dollars. 😀. Thank god for the 83b.
As for RSUs and 83b even if allowed would only make sense if the stock price remained very low since you'd be paying income tax on the valueat grant time.
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