Yes. In fact anyone earning that much has already shifted away from ordinary income. Famously, this is what Warren Buffet does to pay a lower tax rate than his

Yes. In fact anyone earning that much has already shifted away from ordinary income. Famously, this is what Warren Buffet does to pay a lower tax rate than his secretary. The solution is taxing capital gains the same as ordinary income. The next level beyond that is to shift earnings into personal corporations which are taxed at a corporate tax rate and enjoy other protections. This is like what Zuckerburg recently did. The final dodge is to move earnings overseas much like most corporations do today. With enough money there are always loop holes to exploit. I'm in favor of closing as many as possible. If there's someone out there rich enough to found their own sovereign nation in the Pacific, there's not much we can do about that.