I work for a big tech company and will pull down over $1.3 million this year in compensation - here's how I did it

The median household income for a family of four is $114,425, while special skill executives can earn significantly more, exemplified by a Redditor earning $1.35 million. This income places them in a high tax bracket, where their tax burden reflects the incomes of multiple families. Despite their wealth, even millionaires must strategically manage their finances and plan for retirement. The contrast highlights different financial opportunities for high earners versus those with average incomes.

"Even people earning over $1 million a year need to plan for the future and carefully manage their investments to secure their retirement."

"His federal tax burden was the equivalent of the household income for three families, and including Social Security and Medicare taxes, the equivalent of four families."

Read at 24/7 Wall St.