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From what I've heard in other places, Google only gives about 150k to their developers, so how does one make it to the 300k level?

Basically you just go to the 300k option and click the up arrow to the left.

You are probably referring to new grads.

With some golden handcuffs (say around 100 RSUs vesting each year), and the annual bonus of ~15%, many will top 200k.