Distributing profit as dividends is not "falsely allocating income". The only issue is whether you have to pay yourself a reasonable salary or whether minimum wage is sufficient.
Almost everything you wrote is false. Not all bonuses are income, they may or may not be taxed, they may or may not be subject to higher taxation than ordinary income. You have a very US-centric view of the world.
Of course my comments are US-centric. Hacker News is a US-centric forum.
Distributing profit as dividends is "falsely allocating income" if you are not paying yourself a reasonable salary, to the extent that you have redirected salary income to dividend income. Once you do this, it is no longer up to you to decide what a "reasonable salary" is. The IRS (or the local tax authority, if not in the US) will decide that number.
Most forms of bonuses are income in: 1) the US, Canada, China, Australia, the UK, France, Spain, and India. There are various exceptions, but the general rule in the nations where most people conduct business is that bonuses are income. As income, bonuses are taxed at the same rate as income is ordinarily taxed in those nations. In some nations, certain types of bonuses are subject to a higher rate of tax than the ordinary income rates. If bonuses were not taxed, or were taxed at lower rates, most income would be paid out as bonuses.
Almost everything you wrote is false. Not all bonuses are income, they may or may not be taxed, they may or may not be subject to higher taxation than ordinary income. You have a very US-centric view of the world.