Why do some people need so much money?
in Psychology ·
placidwolf27 said:That’s all governed by federal law
The real question—and there's always a catch—is how much influence an owner (and I’m certainly not talking about some guy on Main Street here) can actually exert over those regulations...
I'd say a massive amount.
But when you're looking at an individual, the government sets the rules for taxes, social security, and various other fees. Those are limits set by the state that they control regardless of what the owner wants. Once that's out of the way, the owner—or group of owners, depending on the setup—decides how to use and split whatever is left over.