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.
Meanwhile, Peter Jay had found new work setting up TV-am, to bid for the ITV breakfast franchise. He won the franchise and launched the station with much ballyhoo about its 'mission to explain' and its Famous Five presenters (David Frost, Angela Rippon, Michael Parkinson, Anna Ford and Robert Kee). Viewers turned off in droves.