Remember that Netflix does not typically offer bonuses, stock grants, etc, and just pays people a salary. While most other big tech companies (eg, Google) have salary as 1/2 to 3/4 of your total compensation, with the remainder being bonus and stock grants (or options). So in the Google table here, you will see far lower salaries than Netflix, just because at Netflix, your total comp is almost entirely salary. I suspect that the Google H1B's are getting stock grants and bonuses that will increase their compensation substantially.
I'm not an H1B, but I'm speaking from experience. I'm a senior software engineer at Google, and I'm starting at Netflix in a few weeks. My total comp will be in the same ballpark at Netflix as my current total comp at Google, but will move from salary + bonuses + stock at Google to being almost entirely salary. I'm excited that I might actually be able to do my own taxes in the future.
This seems to happen all the time in the comments here. Someone points out some insane top salary they found at some insane top company, and a bunch of people chime in with comments like "Oh, that seems pretty reasonable actually". It doesn't seem reasonable. It's not anywhere close to any median or mean. It's the far right of the distribution.
Find any company on Glassdoor where $350K is anywhere close to the center of the bar for "senior software engineer". I'll then eat my words.
Now, 250k isn't 350k, but 350k is the high end of Senior Software Engineer at Netflix, and that's what Staff Software Engineers at Google make.
Staff Software Engineers are "extra senior engineers" that are on the same HR level as engineering managers. I don't think Netflix makes this distinction.
Basically options and RSU = normal income
$30,000 a month is a fantastic salary. No ifs, ands or buts.
Monthly Gross Pay $29,166.67
Federal Withholding $8,195.61
Social Security $1,808.33
Net Monthly Pay $15,645.61
Even if you have kids you can probably save something like 5k/month, which is good.
So that $350K is equivalent to $284K in a "normal" place. Even being really conservative, and figuring extra costs (private school tuition, because even that $1.5M might not be enough to get you good schools, extra CA taxes, higher insurance rates, etc), we're still at an equivalent of about $250K. And that's a lot better than most people could get in any "normal" metro area as a Software Engineer.