> But then if you earn $200 million per year, you still only pay 50% tax - If you are making $200 million, then you are most likely paying 20% in taxes as you

> But then if you earn $200 million per year, you still only pay 50% tax - If you are making $200 million, then you are most likely paying 20% in taxes as you probably have incorporated and you are being taxed at a capital gains rate. Hell if you are making that much, you could incorporate in a foreign nation with little to no taxes and then refuse to repatriate the earnings and just loan yourself money the money at 1% interest rate. Loans aren't taxed. The largest banks like UBS, Bank of America, HSBC, JP Morgan, etc have floors dedicated to wealth management who will help you dodge taxes.