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Because of your increasing tax rate of higher brackets, a reduction of taxable income to the higher bracket saves you more tax than exact reduction at a lower range. So let's compare the tax saving of contributing $1000 by an individual with a $30,000 income with exactly what a single person with a $100,000.

For his 'payroll' tax as the employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must give the same 2.65% - another $6,120. So within employee and the employer, the fed gets 15.3% of his $80,000 which comes to $12,240. Note that an employee costs a boss his income plus 7.65% more.

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