Frank Emerson <pianoguru at earthlink.net> wrote: Whoop! You are right, Mark. contributions to conventional retirement IRAs, or SEPs are exempt from income tax, but NOT from self-employment tax. Double Whoops! That's what I get for replying to an email before 6am prior to my first cup of coffee. Of course, Mark, you are correct in that the self-employment tax is unaffected by any kind of IRA... BUT, the Traditional and SEP can certainly lower your overall yearly taxes, and, as Frank suggests, have substantial long-term benefits. I'll be slower on the draw next time I reply before the sun is up... Mark Potter -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20071005/1f97cd81/attachment.html
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