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I'm not sure how easy this would be legally, but they might be able to set it up to drop most of the $50k into the employee's 401k. The employer + employee con
by nknight 15y ago
I'm not sure how easy this would be legally, but they might be able to set it up to drop most of the $50k into the employee's 401k.
The employer + employee contribution limits are currently $49k/year, so even if the employee is contributing their $16.5k max, you could mitigate a hell of a lot of the taxes.