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URL:  http://boards.fool.com/quotour-tax-rate-is-15-so-the-tax-savings-isnt-20690554.aspx

Subject:  Re: Traditional IRA vs Roth IRA Date:  4/26/2004  11:54 PM
Author:  billjam Number:  40703 of 76418

"Our tax rate is 15% so the tax savings isn't substantial."

"This must mean your adjusted gross income is low, so that means you are eligible for a Roth in the first place. "


This would depend on your definition of low. In 2004 a married couple with an adjusted gross of $74,000 will be in the 15% bracket even if they just take the standard deduction. Throw in personal exemptions for a couple kids and the 15% bracket goes over $80,000. Not low by the average worker's standard. Believe it or not most people get along pretty well without a six figure income.


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