If you're trying preserve money, you will have to know the amount the federal government is taking from what you earn. Quite a few people just do not. Finding out will show you why it is difficult to succeed. This article shows how the fed gets 35.4% of $80,000 working income. Obtaining a tax-deduction allows your contribution to be subtracted on the taxable income. A lower life expectancy taxable income means you pay less tax in the majority you support your Ira. So you end up elevated i...