GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Individuals earning 1mil+/year net pay 50% tax?

mGreg · 06-01-2004, 05:30 AM

In many areas, when you approach 200k/year+ you are looking at paying roughly 50% tax on your net earnings.

For someone earning 1mil/year net - they would be looking at paying close to 500k in tax for one year.

I have heard it said that people pushing higher numbers(for the sake of the example, 1m/year net +) pay considerably less % wise, in comparison to those earning for example 200k/year.

Is that possible?

What enables higher earners to gain such an advantage - can the best tax accountants make this happen?

06-01-2004, 05:30 AM
mGreg Confirmed User Join Date: Mar 2002 Posts: 602	Individuals earning 1mil+/year net pay 50% tax? In many areas, when you approach 200k/year+ you are looking at paying roughly 50% tax on your net earnings. For someone earning 1mil/year net - they would be looking at paying close to 500k in tax for one year. I have heard it said that people pushing higher numbers(for the sake of the example, 1m/year net +) pay considerably less % wise, in comparison to those earning for example 200k/year. Is that possible? What enables higher earners to gain such an advantage - can the best tax accountants make this happen?