Most of the maneuvers at that level aren&#x27;t that complicated. Harvested long-term capital gains on equities side, municipals on the income side, depreciation on the real estate side.<p>The crazy income optimization schemes you hear about mainly circle around windfall earnings in areas like finance and private equity. US already taxes investment proceeds at favorable rates, and there&#x27;s no inherent tax on wealth, if the recipient doesn&#x27;t start working, his income picture won&#x27;t be too complicated.