Quote:
Originally Posted by Weitz
So he ends up with about 40-50% of his stated yearly salary? Is that really that shocking?
It's interesting to see all the breakdown for sure though.
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This is somewhat correct, however, it should be noted that they also have tax-savings and deferral opportunities due to the structure of their pay and the nature of their employment.
One example is deferred retirement trusts where they can park a large chunk of their salaries into investments over the course of their careers to live off of afterwards thereby smoothing their incomes over a longer period of time to reduce being subjected to top-tier tax rates during periods of high earnings.