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Strongly suggest you seek out a professional tax planner. Given the amount, I think you'd want more than opinions from an anonymous forum.
This. OP, pony up for some help on your situation.
If they want you get them to pay you 33% more to compensate the issue
What's your current effective tax rate?
FYI - your marginal tax rate on the first taxable dollar after deductions will be 32% and go up from there. Your effective rate on $1m will be 30% - no escaping. Unless you get them to pay you salary into a tax deductible S Corp that you set up and claim expenses against