Quote:
Originally Posted by djchameleon
I don't really want to speak for him because maybe he might mean something else but he's talking strictly about people that are climbing the career ladder and the different retirement options that they are offered depending on how how up the ladder they are.
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The substantive point I was making is not all income is taxed similarly. To put it in stark terms, if Joe works at Costco making $50k a year and Bill makes $50k a year thru passive income off investments, Bill will pay (substantively) less in taxes. To put it in realistic terms, if you have a better job you get retirement benefits that not only pay out more but are often structured in such a way they are either tax neutral or act in as a deduction.... meaning you pay less in taxes for more better pay.