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Politics : Ask Michael Burke
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To: Mike M2 who wrote (32882)9/25/1998 4:29:00 PM
From: MythMan  Read Replies (1) of 132070
 
Mike,

401k money is pretax money and thus probably not included in the gross income number Joe mentioned. That means that savings rate is understated by 401k contributions, assuming one thinks they are savings (and I do).

MM
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