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To: kumar who wrote (22682)1/2/2004 6:35:17 PM
From: Lane3  Read Replies (1) | Respond to of 794494
 
4% tax cut is a tax cut on gross income. 4% of FICA contribution/year to self manage is a lot less money. I'm sure you can do the math.

Sorry I wasn't more clear. I meant four percent of the FICA tax. Why redirect four percent of the FICA tax into official retirement accounts rather than just reducing the FICA tax by four percent? Are you concern that people won't save it for retirement otherwise?


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