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The salaries of Wikimedia executives are sparking an online debate about tech sector wages
(www.businessinsider.com)
this post was submitted on 14 Dec 2023
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The max bracket starts at $693k for married couples filing jointly. The vast majority of couples making $1M-10M are not running that that income through an LLC and shuffling into trusts and businesses. That definitely happens - not with ordinary income, which is what those tax brackets are for. It predominantly happens with people putting assets in trusts (i.e. stock). There are ways to play games with ordinary income, but it's much, much harder.
yeah I am way out of date. I remember it as roughly 125 and 250. Regardless though a person making millions pays the same top tax rate as a person making hundreds of thousands and we have people who make billions now (well not as a wage which is the other issue)