What is Tax advantage?
'''Tax advantage''' refers to the [[financial]] gain which applies to certain accounts or [[investment]]s. These include accounts that are, by [[statute]], [[tax]]-reduced, tax-[[wikt:postpone|deferred]], or tax-free.<ref>{{cite web |url=http://www.investopedia.com/terms/t/tax-advantaged.asp |title=Tax-Advantaged |publisher=Investopedia LLC |access-date=10 December 2015}}</ref> [[Government]]s establish tax advantages to encourage private individuals to contribute [[money]] when it is considered to be in the [[public interest]]. An [[example]] is [[retirement plan]]s, which often offer tax advantages to [[Wikt:incentive|incentivize]] [[saving]]s for [[retirement]].<ref>{{cite web |url=https://www.irs.gov/Retirement-Plans/Plan-Sponsor/Lots-of-Benefits-When-You-Set-Up-an-Employee-Retirement-Plan |title=Lots of Benefits - when you set up an employee retirement plan |publisher=IRS |access-date=10 December 2015}}</ref> In the [[United States]] [[municipal bond]]s may also be [[wikt:exempt|exempt]] from certain [[tax]]es.<ref>{{cite web |url=https://www.cnbc.com/2014/01/28/5-top-tax-advantaged-investments-for-2014.html |title=5 top tax-advantaged investments for 2014 |author=Andrew Osterland |date=28 January 2014 |publisher=CNBC.com |access-date=10 December 2015}}</ref> In [[countries]] in which the average age of the population is increasing, tax advantages may put pressure on [[pension]] [[wikt:plan|plan]]s.<ref>''How Welfare States Shape the Democratic Public: Policy Feedback''. eds. Staffan Kumlin; Isabelle Stadelmann-Steffen (Cheltenham, UK; Northampton, MA, USA: Edward Elgar, 2014), p. 229</ref> For example, where benefits are [[wikt:funded|funded]] on a pay-as-you-go basis, the benefits paid to those receiving a pension come directly from the contributions (money paid) of those of working age. If the [[proportion]] of pensioners to working-age people rises, the contributions needed from working people will also rise proportionately. In the [[United States]], the rapid onset of [[Baby Boomer]] [[retirement]] i