Comment on The salaries of Wikimedia executives are sparking an online debate about tech sector wages

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stevehobbes@lemmy.world ⁨9⁩ ⁨months⁩ ago

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.

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