This way capital gains and dividends will be taxed at a top rate of 15%, whereas the investment return on deferred pay is all eventually taxed as ordinary income at a top rate of 35%.

FORBES: Strings Attached

In a taxable account, net long-term capital gains are taxed at a rate lower than the ordinary income-tax rate for withdrawals from tax-deferred retirement plans.

WSJ: How to Make Your Retirement Savings Last

The airline has deferred 11 aircraft deliveries for two years and almost halved the rate of its expansion.

ECONOMIST: Asian airlines