Happened to see the following in a NYT article about how the recent tax law changes in Kansas have worked out --
"Mr. Beaty, the Kansas football coach, was able to shield at least $575,000 a year from income taxation by routing that money through his limited liability company, according to state records. (That amount grew to $1.375 million a year in a contract extension Mr. Beaty signed in December 2016.) Next year, as a result of the recent change in state law, Mr. Beaty will face a tax liability of nearly $80,000 on his pass-through income."
His total salary had been 800K, the 575K being the part sheltered. In December 2016 he signed a contract extension that increased the sheltered amount to 1.375M, and the total probably to about 2M. A very nice raise. After a year in which his team goes 2-10 and is ranked third worst
in the country.
All part of Making America Great Again?