Most of the maneuvers at that level aren't that complicated. Harvested long-term capital gains on equities side, municipals on the income side, depreciation on the real estate side.
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's no inherent tax on wealth, if the recipient doesn't start working, his income picture won't be too complicated.
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's no inherent tax on wealth, if the recipient doesn't start working, his income picture won't be too complicated.