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Archive of posts tagged medicare tax

New Health Insurance Law Makes Tax Free Investments Look Even Better

For example, I just ran into a colleague and we were talking about health care and its effects. Even though he has a 401(k), he will contribute $5,000 for 2009 and $5,000 for 2010 to his nondeductible IRA. Now he has sheltered an additional $10,000 from the Medicare tax.