Is that $343k before or after deductions?
We may be looking at apples and oranges. Most people earning that kind of money can pretty much itemize all their expenses and have large mortgages and pre-tax 401ks.
“Most people earning that kind of money can pretty much itemize all their expenses and have large mortgages and pre-tax 401ks.”
Not even close. Pretty much anything after $109,000 gets only the mortgage deduction. I don’t know where the Hell people get this notion that “rich” people pay little in taxes. There simple are no deductions after about $109,000.