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With the holidays all around, let’s just have a light post today. This appears to be advertising Turbo Tax in a subtle way, but it’s fun all the same. Ever think you’d see people rapping about tax deductions? Watch…

The inadequacy of the current U.S. public and private pension systems may warrant the establishment of a universal pension system (UPS), which would cover all workersfull-time and part-timeand require them to contribute at a level that can help provide them with adequate incomes when they retire. This paper develops options for a system of individual accounts to which, starting in 2007, each employee or self-employed worker would be required to contribute 3 percent of covered payroll (i.e., 3 percent of up to $97,500 in 2007).

This seems like a good time to remind you of some things you can do before the end of the year to lower your taxes. First, read the article I wrote last year: Tax Deduction: End of Year Savings.
Now you know what you need to do.

Make sure your traditional 401k and/or IRA are fully [...]