Look people, if you make $200,000 and are single or some combination of $250,000 married then you need to start seriously increasing or maxing out your 401(k), SEP, SIMPLE, or IRAs. Not only do you save and invest, you reduce your federal income and the taxable rate and amount. You keep your money, it lowers how much tax you pay, and far less of your hard earned work is in the hands of the government to redistribute. These are the tax loop holes for the middle class, if you aren't using them to protect your labor, earnings, and future then you have no one to blame except yourself. Most people in America - according the median national income - can contribute to both a workplace 401(k) and a more accessible IRA at the same time.