Am I making less?!?
I currently make $600k as an income partner. My total take home pay is $360,000 (ie taxes are withheld). I just received an offer as an equity partner at another firm. Total pay is $625k but my net draws will total $440k (after pension contributions, benefits withheld. Note, taxes are not withheld). If I have to pay taxes on $440k, won’t I be taking home far less money?

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Welcome to the joys of equity. Definitely retain a good CPA if you don’t have one already.

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Yes, this is a question for the CPA you should have or get immediately.

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If the benefits are similar, yes, although the pension contributions lead me to believe they may not be, in which case you just need to do math with whatever the figures are. Make sure to understand what money you will be taxed on. Of course, this leaves aside upside, options from here, and so on.

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