But he now had extra income from moonlighting and wondered whether he should use it to fund a tax-deductible SEP-IRA (a special individual retirement account for the self-employed), or should pour his extra savings into the 529s.
The Small Business and Entrepreneurship Council, a Washington lobby group, agrees that the White House's plan does nothing to lower individual tax rates, a move it says would help small-business owners and the self-employed.