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Revision as of 04:57, 9 October 2026


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Contributing a deductible $1,000 will lower the taxable income for the $30,000 1 year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 1 year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the amount! Rule: You actually do not trust anyone else with your cash unless you will also trust them with living. Even in the U.S.

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