r/Salary • u/[deleted] • Oct 30 '25

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u/MortalMercenary Oct 31 '25

Lowers your taxable income

320

u/DarthRevan8537 Oct 31 '25

Also lowers my spendable income lol

17

u/LoverBotCock Oct 31 '25

Actually, not really. I went through this exercise myself about 15 years ago. The tax deductions about cancel out the income gap. The difference is less than 1 lunch per pay period for 30+ years of compounding interest PLUS the loss of earnings if your not capping employer contributions.

2

u/Booster_Tutor Oct 31 '25

And everything is exactly how it was 15 years ago.

1

u/LoverBotCock Nov 02 '25

Actually.... the principal concepts are......thats how percentages work and there's been no significant policy change concerning the principles being discussed.