If you have, there is a good chance that you have black toe nail fungus. While this generally isnât a health issue, it can look very unsightly and cause embarrassment when your feet are showing. This has actually become quite a problem for people who like to walk around in public places without footwear.
Nonqualified Plans. IRS-qualified pension plans offer tax benefits to contributors, whether it is the employer or employee making contributions, or both. In many cases, however, tax deductibility is not an issue, as most contributions are made pre-tax, eliminating the need for tax deductions on your annual return.
When you work for wages, a total of 7.65% of those wages are paid into your Social Security and Medicare account; your employer matches that amount. But unlike an IRA or other retirement vehicle, these are not pre-tax dollars. You must pay income taxes on the funds that are set aside in your Social Security Trust fund for your retirement years. With other retirement plans, you defer the income taxes, and contributions to retirement plans are not included in taxable wages on your W2.