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.
Jeremy Clarkson, the Top Gear presenter, has become one of the highest paid presenters in the history of the BBC after taking home more than Â£14million for his work on the show, accounts have revealed.Last year, Mr Clarksonâs 30 per cent stake in Bedder 6 helped him become the BBCâs highest paid presenter.he BBC's accounts, published yesterday, showed that corporation spent Â£200million on paying presenters and talent last year, a slight fall.