Answer by tamarawilhite (17883). If it is a traditional IRA, you can deduct that amount off your income taxes. If it is a Roth IRA or Roth 401K contribution, the money comes out of your post-tax income and does not reduce your income taxes.
Reports last week revealed that around 20 actors, presenters and journalists are paid more than Â£500,000 by the BBC, but Sir Michael's promise to MPs that the corporation would publish more precise pay bands will not be upheld following legal advice.
The BBC paid Â£22million to 19 stars who are all on more than Â£500,000 per year, according to accounts released today. The astonishing number is believed to include Graham Norton and Gary Lineker, on an estimated Â£2million a year each, and Alan Hansen, who earns a reported Â£1.4million.