Romney Has An IRA Account?

Discussion in 'Stock Market' started by the_savage, Jan 29, 2012.

  1. the_savage
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    the_savage Rookie

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    And it's worth upwards of $100 million?

    That's wrong. That is a retirement account for middle class people to set aside a nest egg, no more than $5000 a year invested, but here is Romney getting a tax free ride. And how the hell did it get so big?

    Corruption
     
  2. whitehall
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    whitehall Gold Member

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    Obama's Treasury Secretary admitted that he cheated on his tax returns. Romney took advantage of the tax law to make money. Which guy do you want arrest?
     
  3. the_savage
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    the_savage Rookie

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    Both! IRAs are not for super wealthy, northern stock jobbers to hide their wealth in. They are for the middle class. Romney is as corrupt as the day is long
     
  4. Katzndogz
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    Katzndogz Diamond Member

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    Don't we have equality here? Or do we have one law for the poor and one law for the rich? Why not just pass a law saying that people with incomes over a certain amount can't have IRA's at all. Just prohibit them.
     
  5. California Girl
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    California Girl BANNED

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    Corrupt? For being smart enough to take advantage of the tax laws?

    My, you really are an hysterical twit.
     
  6. Katzndogz
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    Katzndogz Diamond Member

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    It seems like there are individuals who believe that Americans with money should be subject to different laws than anyone else. A bank account that is available to everyone should have a dollar amount limit beyond which the wealthy may not go. An IRA should be available to everyone except those designated as wealthy by the communist government.
     
  7. Skull Pilot
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    Skull Pilot Platinum Member

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    When he was making less than 112K a year he was eligible to deposit in an IRA.

    And it's not really for middle class people as you can see by the rather low income limits if a husband and wife both make 56K a year they can no longer deposit to an IRA.

    BTW IRAs are not the deal you think they are.

    You defer taxes sure but when you withdraw the money (and the government tells you how much you have to withdraw every year) ALL the money is taxed as regular income.

    Where if you invested after tax dollars only the growth would be taxed as capital gains.
     
  8. JohnA
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    JohnA Silver Member

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    Jealosy abounds here . with some posters
    wish i could do the same as romney the tax laws are the same for everybody . once you stast giving the BIG BROTHER GOVT power to regulate who can & who cannot own iIRA you open the door to more resticttions some of which my affect yourself keep govt out of your bank accounts
    Rommey is a rich bitch but there are just as many democrats in the same league they just dont have to declare cus they are not running (( sometimes thats the reason why )



    http://newamericangazette.com/wp-co...mpaign-Contributions-of-20-richest-people.pdf
     
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  9. Katzndogz
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    Katzndogz Diamond Member

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    There is a sense that the rich should not have bank accounts at all. If they have enough money to put in a bank account, they have too much money and the government should seize it.
     
  10. Outback
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    Outback BANNED

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    Yeah, I"ve got one too. So does my da and it's a hella lot more than mine. He's worked longer and better then me. Now that Romney, hes no dummy and so I hope you have one too.
     

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