| TheRealMafoo said: I mean if I was a man making 100 million a year, I would much rather make 50 million in the US, and 50 million in the UK. (or even better, 34 US, 33 UK, 33 somewhere else). |
I don't see a big payoff here, in tax terms.
Ignoring any benefits from diversifying your currencies and income sources, you're well into the top tax bracket of both countries. You might recover a little money for claiming two personal exemptions and lower taxes on your first couple hundred thousand dollars (actually, only the first 35,000 pounds in the UK), but you'll lose far more on the bulk of that 50 million on the UK's higher top-bracket rate. My quick estimate suggests that you'd lose over two million dollars by splitting a $100 million income between the US and UK instead of just keeping it all in the US.
Now, if you're earning $100,000 dollars a year, you'd probably see an actual benefit to splitting your income between jurisdictions. But once you start earning millions, you want your earnings to get taxed by whichever government has the lowest rate in the top bracket. That means the Bahamas. 
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