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To: Lizzie Tudor who wrote (49135)5/22/1999 9:07:00 PM
From: Les H  Respond to of 67261
 
I was describing the SS program as unsound. Taking money out of it without changing the scope of its benefits would make it less so. The original pre-1983 401K's were essentially the program that you describe. All 401K contributions are made pre-tax, pre-income tax and pre-FICA tax. They did away with it reducing your FICA taxable wage.