Taxbite

The taxbite on an income of $6498 in 1969, if tax rates had been exactly the same as in 1965

In a recent survey, The Roper Organization found that only 2 per cent of those polled cited the social-security taxbite as one of their top concerns.

Rather than getting sidetracked discussing the true worth of $540000, 10 years in the future after the taxbite is taken out, the $540000 will simply be the benchmark for determining the break-even insurance premium.