A popular technique is to be compensated in options. Don't exercise the options, but take out loans against them.
Physicians don't get options, attorneys don't get options. This is a fairy tale answer not grounded in reality.
- live in Washington State; AND
- are compensated at least in part in options; AND
- are compensated in excess of $1M a year; AND
- are compensated far enough in excess of $1M a year that they are willing to spend time and money lowering that tax liability
But the answer is "you can't, at least not legally" for everyone except those few people.