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Author: clufool Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Re: 401k tax break? Date: 7/2/2000 8:00 AM
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I don't know about you tax rate - as a %- but you are not taxed on the amount you place into the account, up to $2000. per person. Does that help answer your question?

Just a note of clarification. The amount you can put into a 401 K is up to 15% of income or a maximum of $10,500 per year. IRA's are limited to $2000 of earned income per person. There is more info on 401 K's here.

http://www.fool.com/money/401k/401k.htm?ref=G02C05

cf
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