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CBO: Use of Tax Incentives for Retirement Saving in 2006

Use of Tax Incentives for Retirement Saving in 2006, October 2011

  • “This CBO publication examines participation rates in and contributions to various tax-favored retirement plans in 2006, with some earlier data presented for comparison. Two features of the Economic Growth and Tax Relief Reconciliation Act of 2001 also are analyzed: increases in contribution limits and an additional incentive, known as the “saver’s credit,” that was created to encourage lower-income taxpayers to save for retirement.
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