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[return to "$900k Median Package for Engineers at OpenAI"]
1. giantg+46[view] [source] 2023-06-24 17:00:22
>>zuhaye+(OP)
It's always interesting to think about how someone somewhere is earning as much as you earn in a decade or lifetime in a single year. Also that you are that person for someone else.
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2. Solven+Z9[view] [source] 2023-06-24 17:23:20
>>giantg+46
What I find more interesting is this:

A sole proprietor landscaper making $45-50K a year in California is paying $675 a year in annual registration fees just to keep his newish pickup truck on the road. Why newish? Because the people he's servicing trust a guy with a nicer work vehicle than a beaten down 30 year old Tacoma.

A $900k developer with the same pickup is also paying $675 a year.

Extrapolate this seemingly trivial example across literally EVERYTHING in life.

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3. refurb+Ph[view] [source] 2023-06-24 18:14:00
>>Solven+Z9
The sole proprietor is also able to get a tax deduction on his truck that the developer can't.
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4. rafram+wp[view] [source] 2023-06-24 18:58:51
>>refurb+Ph
Only if he uses it for work (exclusively for work, if you ask the IRS). And he’s paying double in payroll taxes - sole proprietors/self-employed workers pay 15%, employees pay 7.5%.
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5. refurb+WZ[view] [source] 2023-06-25 00:08:48
>>rafram+wp
Yes, it would have to be a full time work vehicle.

And sure they are paying double payroll tax, but they also get to deduct all their expenses associated with employment (customer dinners, internet, computer equipment, mileage to customers, etc).

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