> It stuck because employer paid benefits were paid out of pre-tax income, while if the worker paid for them himself it would be from post-tax income.
It stuck because of corruption since the legislature won’t fix the situation, a situation that conveniently provides a competitive benefit to large companies with lots of lobbying power versus small business and individuals.
Same garage with the pitiful restriction on IRA contributions (zero if you have a spouse that has 401k), whereas people who work for employers giving 401k get $19k.
Absolutely no reason for the discrimination to exist other than it benefits bigger, entrenched businesses at the expense of smaller businesses and individuals.
It stuck because of corruption since the legislature won’t fix the situation, a situation that conveniently provides a competitive benefit to large companies with lots of lobbying power versus small business and individuals.
Same garage with the pitiful restriction on IRA contributions (zero if you have a spouse that has 401k), whereas people who work for employers giving 401k get $19k.
Absolutely no reason for the discrimination to exist other than it benefits bigger, entrenched businesses at the expense of smaller businesses and individuals.