it's a bookkeeping fiction. the second distinguishing feature is the nondiscrimination rules that make sure incentives don't discriminate in favor of the highly paid. the result is this tax incentive is more progressive than the current progressive tax code. households making less than a hundred thousand dollars pay 26% of all income taxes but they get over 60% of the tax benefit of this incentive for defined contribution plans. this analysis actually under states the benefit for the households because it doesn't recognize that a good part of the small business owner's so-called tax savings is transferred to work ners the form of contributions. let me explain. a small business owner usually considers a plan when the business has finally become profitable. the owner setting up a retirement plan can save enough money on personal income tax to pay most of the cost of the matching contributions required for employees by nondiscrimination rules. it is a beautiful thing really. deferred income taxes for the owner beco

its bookkeeping fiction. the second distinguishing feature is the nondiscrimination rules to make sure incentives for retirement plans don't discriminate in favor of highly paid. the result is this tax incentive is more progressive than the current tax code. households making less than $100,000 pay 26% of all income taxes but they get over 60% of the tax benefit incentive for defined contribution plans. this is analysis under state the benefits because it doesn't recognize a good part of small business owners, so-called tax savings is transferred to workers in the form of contributions. let me explain. a small small-business owner usually considers a plan when the business is finally become profitable. the owners show how setting up a retirement plan can save enough money on their personal income taxes to pay most of the cost of contributions like matching contributions that will be required for employees and nondiscrimination rules. it's a beautiful thing really. deferred income tax for the owner becomes cur

it is a bookkeeping fiction. the second feature make sure that incentives to not discriminate in favor of the highly paid. this incentive is more progressive than the current code. households making less than $100,000 paid 26% of all income- tax is but they get 60% of the tax incentive. this understates the benefit for these households because it does not recognize a good part of a business owners is transferred to workers in the form of contributions. a small-business owner considers a plan when businesses are profitable. it could save enough money and the personal income taxes to pay most of the cost of contributions required for employees by nondiscrimination rules. it is a beautiful thing. become curring contributions for workers. the data shows the key to promoting security is workplace savings. 7% of workers participate in a plan at work. lesson 5% save on their own. 78% of workers have access to retirement plans with 84 percent anticipating. that is a success story. more needs to be done. we support the pr