True compensation is measured not by what one makes, but by what one keeps. Typically, compensation, interest, dividends, sale proceeds, etc. are taxed as soon as these are earned. However, by means of “qualified” and “non-qualified” deferred compensation plans, taxation of certain invested wages, as well as earnings on these amounts, may be postponed until funds are actually received, either upon retirement or other occasion. Likewise, our tax laws provide that a variety of benefits furnished by an employer to an employee, including group term insurance and medical care plans, are not subject to taxation.