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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: JohnM who wrote (93358)11/3/2008 11:19:02 AM
From: Wharf Rat  Respond to of 541735
 
They think we are gonna get rid of one of our better ideas? Do they think we are gonna end SS, too?

In 1978, Congress amended the Internal Revenue Code, later called section 401(k), whereby employees are not taxed on income they choose to receive as deferred compensation rather than direct compensation.[2] The law went into effect on January 1, 1980,[2]

en.wikipedia.org