I'm also finding it incredibly invigorating that W-2 high earners have literally zero way to mitigate taxes by diverting pre-tax income; it's as if the code is designed to punish those W-2 high earners? Then how do the rich "skip" on taxes? Or is this situation the worst medium where one is neither poor nor truly rich hence one gets hammered the most? If you find meaningful answers please do share your ideas! With 401k limit at 30k and IRA at 8k (over the age of 50) that's about it? What about the remaining 342k? Get reamed on income tax?
