From: "Elizabeth Richardson" 
Newsgroups: misc.invest.financial-plan
Subject: Re: 401k contribution taxed at 10.69%
Date: Tue, 23 Dec 2003 19:07:35 CST
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"Stu Redman"  wrote in message
news:E8OFb.1923$Ba6.692@newssvr22.news.prodigy.com...
>I do not pay SS/Medicare on my
> 401(K) contributions.  These are a federal tax, so I don't know why Ohio
> would be any different from the rest of the US.

I think you might want to re-check this. Your 401k does not reduce SS and
Medicare taxes. None of your earned income below $87,000 is exempt from SS
and no earned income is exempt from Medicare. If your employer isn't
deducting this tax, you could have a problem.

Elizabeth Richardson