Many high-end earners such as athletes, entertainers and surgeons have a maximum federal tax rate of up to 40.5% with the Medicare surtax, while entrepreneurs and business executives can often structure their compensation to get capital gains treatment and pay a maximum tax rate virtually half of that at 23.8%. Discuss the equity, risks and opportunities involved in tax planning executive compensation using some the the laws and tools you learned in chapters 5 & 6. Once again label and citations you use and clearly state opinions as such. Alternatively you may discuss tax planning for small business owners and how to best maximize tax savings utilizing the new QBI deduction and managing itemized deductions.