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[quote=Anonymous]Assuming it’s all w2 income (RSUs are considered earned income) and it’s not your own business there’s nothing you can do. Even the more esoteric stuff you wouldn’t want to do at your tax bracket (37percent doesn’t hit for MFJ until north of 700k). Max out your 401k; look into an HSA; make sure you do a backdoor Roth if you don’t have an existing traditional IRA.

There’s no point in talking to a tax strategist. At best there’s a few strategies around oil and gas and short term rentals with accelerated depreciation that you could do to reduce taxable income. But the oil and gas stuff is generally dumb and probably wouldn’t pencil out until you hit the 37% bracket anyway and short term rentals are another job.

Go out to a nice dinner and figure out what percent of increase you want to save and what percent you want to spend/give away. Realize you’re going to be paying more in taxes than you ever thought possible and while that sucks it’s better than the alternative. [/quote]

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