On 20 Dec 2007 12:10:39 -0800, [EMAIL PROTECTED] (Edward Jaffe) wrote: >FICA looks like a tax and smells like a tax. But, technically is not a >tax. If you look carefully, it's a pre-tax deduction. And, when you >receive a payment in retirement, it's taxable. Not unlike 401(k) >contributions and redemptions.
Many other taxes are "pre-tax", with benefits being taxed. ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
