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?

Only if you are stupid.. better to form a corporation after about 70-80k of income and get paid through that.

Someone was saying if you are paying over 18% total in taxes you are probably paying too much.