Taxes suck and are too high, but that's not how they're calculated dude. For example, social security caps out at $137,700 of earnings. The 37% rate is only for earnings over $518,400 or $622,050 (married filing jointly). Various deductions and credits further adjust your liability. Blah blah blah.
I'm guessing you don't actually make $2M and this is a thought experiment? If you do, fire your accountant.
P.S. I am not a tax professional and am commenting on a message board. Don't believe anything I say.
Taxes suck and are too high, but that's not how they're calculated dude. For example, social security caps out at $137,700 of earnings. The 37% rate is only for earnings over $518,400 or $622,050 (married filing jointly). Various deductions and credits further adjust your liability. Blah blah blah.
I'm guessing you don't actually make $2M and this is a thought experiment? If you do, fire your accountant.
P.S. I am not a tax professional and am commenting on a message board. Don't believe anything I say.