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by boren_ave11
3750 days ago
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>>You get stock annually? At my annual review last year I received more stock along with a pay increase. So, thus far, yes. >>But—adding X market value for equity vesting over Y years with 40% capital gains tax for the first 12 months of holding it leads to a 2016 pay of.... just your salary. Can you elaborate on this? I'm not following. >>Oh, and you get equity every else in addition to that nice pay, and they don't strap your pager to your face. What do you suggest I do? |
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Well, if you do get more stock it complicates things—but you have to distribute out the pay out over the vesting period. In other words, collecting the entire value of the equity into one pay period implies you'll get the same amount of money the next pay period—which is only true if you get that amount of equity annually. It sounds like this may be a possibility
Furthermore, it assumes you'll be at the company for the entire vesting period. Which you might not want to do.
Additionally, you can't cash out the equity you DO get in 2016 unless you want the government to take a sweet 40% off the top.
> What do you suggest I do?
Don't wait for the equity to vest fully, work hard for some good recommendations, and get out of that sweat shop. Amazon rewards ambitious workaholics. Everyone I've talked to who USED to work there (key point being these people left) has issues balancing work, pay, and a life.
To be clear—I'm not arguing anything but that other companies will use you a little more compassionately, and you might make a little more cash in the meantime. You're still doing very well for yourself, Amazon is far from the worst place to work, and you might be very happy there.