How'd Romney get $100milliion in his IRA

[iamwhatiseem]

We have approached a point where people would want to elect a President based upon who was least successful in their careers....yeah

 

[Wry Catcher]

The question is, how did Romney obtain great wealth?

 

[tinydancer]

I don't envy the wealthy. Class warfare only goes so far politically because it is so easy to nuke limousine liberals.

For example the new "socialist" President of France who is going to levy 75% tax on his "hated rich" owns three chateaus on the Riviera.

Watch the wealthy run! Please come this way!

Three homes valued at a total of a million euros. That's very little for three homes anywhere.

It's the fucking Riviera. How stupid are you? Three on the Riviera alone, not including were he houses his bitch and how much he pays for his wife's residence with his children.

 

[Seawytch]

We have approached a point where people would want to elect a President based upon who was least successful in their careers....yeah

I have to hope that this is an attempt at humor. Nobody is saying success is bad. You cannot, however, say that there can't be a discussion on how you became successful and the merits of that.

We all want to be successful, but how many people want to do it at the expense of others? That matters to me. How many bodies lie in the wake of your success? How many people did YOUR success hurt? That isn't important?

 

[CrusaderFrank]

Why would Rezko GIVE Obama a $106,000 piece of land adjacent to their new house?

Why?

He just gave them land

 

[iamwhatiseem]

The question is, how did Romney obtain great wealth?

He was born...went to school...went to college...got a job...did well...got a better job...repeat...

Obama...was born...went to school somewhere...went to college...got a job..lost it...got a job...did ok...got a different job...quit...tried to organize Chicago Black churches...failed...ran for congress...failed...began raising money for others...met a whacky preacher...who gave him connections...was financed well by a strong political machine and made Senator...his wife was given two $6 figure board membership jobs where you don't actually work everyday, I guess they liked her hair...and now he is President.

 

[Fordsflylow]

The question is, how did Romney obtain great wealth?

He was born...went to school...went to college...got a job...did well...got a better job...repeat...

Obama...was born...went to school somewhere...went to college...got a job..lost it...got a job...did ok...got a different job...quit...tried to organize Chicago Black churches...failed...ran for congress...failed...began raising money for others...met a whacky preacher...who gave him connections...was financed well by a strong political machine and made Senator...his wife was given two $6 figure board membership jobs where you don't actually work everyday, I guess they liked her hair...and now he is President.

What a crock!

 

[Mr Natural]

You can put as much as you want into your IRA but you can only claim $6,000 of it.

 

[Katzndogz]

How did Hillary Clinton turn $1,000 into $100,000 in a very short time?

Business | Hillary Clinton Invested $1,000, Netted $100,000 Through Trading | Seattle Times Newspaper

WASHINGTON - The disclosure that Hillary Rodham Clinton parlayed $1,000 into nearly $100,000 through highly speculative commodities trading may create political embarrassment for the Clintons, who have sharply criticized a national culture of greed during the Reagan and Bush years in the White House.

But the information released yesterday by the White House covering investments in 1978 and 1979 also appears to support the couple's contention that they had done nothing illegal or unethical in the trades.

As a presidential candidate, Bill Clinton had decried the speculative wealth-building of the rich during the Reagan and Bush years as "a gilded age of greed and selfishness, of irresponsibility and excess and of neglect."

Mrs. Clinton, whose commodity trading came during the early years of her husband's political career and before Ronald Reagan was elected president, was guided through the risky trades by James Blair, a friend and top lawyer for one of Arkansas' most powerful companies,


If you had $1,000 would you turn it into $100,000?

 

[hjmick]

Not that I'm voting for the guy, but...

Prove he did something illegal, then I'll care.

 

[Too Tall]

Since one can only put $6,000 a year.

More About Romney's 'Off-Shore IRA' - TPMDC - Democratic Underground

After a six-month hiatus, a Vanity Fair article about Mitt Romney’s tangled web of investments has thrust his foreign holdings and complicated tax strategies back into the center of the 2012 campaign. But questions have persisted for months about an individual retirement account held by the Romneys valued at upwards of $100 million — a stunning amount for a savings vehicle designed to provide middle class retirees comfortable, but non-lavish retirement.

His IRA raises two key questions, both of which his campaign has consistently declined to answer: How, despite a $6000 legal limit on annual contributions to an IRA, did Romney’s IRA grow to over $100 million? And did he avoid any U.S. taxes on its enormous returns?

<more>

You don't pay any tax on what an IRA earns. You pay taxes when you withdraw from it.

 

[The T]

Since one can only put $6,000 a year.

More About Romney's 'Off-Shore IRA' - TPMDC - Democratic Underground

After a six-month hiatus, a Vanity Fair article about Mitt Romney’s tangled web of investments has thrust his foreign holdings and complicated tax strategies back into the center of the 2012 campaign. But questions have persisted for months about an individual retirement account held by the Romneys valued at upwards of $100 million — a stunning amount for a savings vehicle designed to provide middle class retirees comfortable, but non-lavish retirement.

His IRA raises two key questions, both of which his campaign has consistently declined to answer: How, despite a $6000 legal limit on annual contributions to an IRA, did Romney’s IRA grow to over $100 million? And did he avoid any U.S. taxes on its enormous returns?

<more>

More Wealth Envy horseshit? Imagine MY surprise. Frankly? NONE of YOUR business.

WHY don't YOU spend more time on Obama and what He's doing derp?

 

[CrusaderFrank]

The question is, how did Romney obtain great wealth?

Running an investment fund.

 

[Katzndogz]

Although the annual contribution to an IRA is limited to 6,000 a year, once that investment is made, it can be directed and reinvested over an over again so if you know what you are doing, you can make a real bundle.

 

[Mustang]

Since one can only put $6,000 a year.

More About Romney's 'Off-Shore IRA' - TPMDC - Democratic Underground

After a six-month hiatus, a Vanity Fair article about Mitt Romney’s tangled web of investments has thrust his foreign holdings and complicated tax strategies back into the center of the 2012 campaign. But questions have persisted for months about an individual retirement account held by the Romneys valued at upwards of $100 million — a stunning amount for a savings vehicle designed to provide middle class retirees comfortable, but non-lavish retirement.

His IRA raises two key questions, both of which his campaign has consistently declined to answer: How, despite a $6000 legal limit on annual contributions to an IRA, did Romney’s IRA grow to over $100 million? And did he avoid any U.S. taxes on its enormous returns?

<more>

As more and more details are revealed about Romney's foreign accounts, and people become more aware of his money dealings in foreign countries, it can't help but be a PR black eye. And frankly, Romney is abysmal when it comes to explaining things, particularly when he's on the defensive.

 

[whitehall]

Which person would you rather have in the Oval Office? A dog eating former street junky who never held a job that wasn't funded by stealing from an endowment or taxpayers or a guy who understands the system? Hussein's freaking secretary of the treasury admitted to cheating on his taxes because he wasn't smart enough to fill out the federal tax form.

 

[CrusaderFrank]

Which person would you rather have in the Oval Office? A dog eating former street junky who never held a job that wasn't funded by stealing from an endowment or taxpayers or a guy who understands the system? Hussein's freaking secretary of the treasury admitted to cheating on his taxes because he wasn't smart enough to fill out the federal tax form.

Dems vote for the dog eating stoner

 

[Fordsflylow]

The question is, how did Romney obtain great wealth?

Running an investment fund.

That is incorrect and knee deep bs and easy to debunk, just like most everything you con lover spew here.

Next!

 

[Fordsflylow]

Although the annual contribution to an IRA is limited to 6,000 a year, once that investment is made, it can be directed and reinvested over an over again so if you know what you are doing, you can make a real bundle.

Another words if one can afford a team of accountants and play the game of loopholes, gimmees, etc. the wealthy created in what is now their govt, the sky's the limit.

 

[Fordsflylow]

Which person would you rather have in the Oval Office? A dog eating former street junky who never held a job that wasn't funded by stealing from an endowment or taxpayers or a guy who understands the system? Hussein's freaking secretary of the treasury admitted to cheating on his taxes because he wasn't smart enough to fill out the federal tax form.

Can you possibly make this line of bs any deeper?