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  1. #1 Romney's 100 Million dollar IRA - can anyone explain how he did this?? 
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    I have an IRA account for retirement but I can only contribute a few thousand dollars a year.

    How the heck was Romney able to get 100 million in his tax-deferred IRA account??

    Has Romney explained how he did it?
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  2. #2  
    Senior Member LukeEDay's Avatar
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    I will worry about explaining it when I see obama's college records.

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  3. #3  
    Power CUer NJCardFan's Avatar
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    Quote Originally Posted by FactsMatter View Post
    I have an IRA account for retirement but I can only contribute a few thousand dollars a year.

    How the heck was Romney able to get 100 million in his tax-deferred IRA account??

    Has Romney explained how he did it?
    Wow. 2 posts and already showed us who you are: a jealous little pinhead.
    The Obama Administration: Deny. Deflect. Blame.
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  4. #4 yeah yeah 
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    Quote Originally Posted by NJCardFan View Post
    Wow. 2 posts and already showed us who you are: a jealous little pinhead.
    So how did he do it? Are you really that disinterested?
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  5. #5  
    LTC Member Odysseus's Avatar
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    Quote Originally Posted by FactsMatter View Post
    So how did he do it? Are you really that disinterested?
    According to the article that you cited, his IRA included Bain stocks, which have increased in value. That's not illegal, immoral or unethical. OTOH, how did Obama buy his house in Chicago (hint: convicted mobster Tony Rezko helped). How did Obama pay for college? What were his grades? Class standing? Did he get into Harvard law on his academic performance, or was he an affirmative action case? What influence did Frank Marshall Davis have on him when he was growing up? What is his relationship with unrepentant domestic terrorist Bill Ayers?
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  6. #6  
    Power CUer NJCardFan's Avatar
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    Quote Originally Posted by FactsMatter View Post
    So how did he do it? Are you really that disinterested?
    Yes. It's his money to do with what he pleases. I know that's a hard concept for you leftists to understand but income really is earned and what you do with it once it's earned, as long as it's nothing illegal, is your business. Oh, and you do know that there are more Democrat millionaires in congress than Republicans, right?

    Isn't it cute how this FactsMatter person(who is sounding really Hazlnuttish) is buying into the class warfare garbage hook, line, and sinker?
    The Obama Administration: Deny. Deflect. Blame.
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  7. #7  
    Senior Member TVDOC's Avatar
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    IRS rules will allow you to contribute up to 15% of your income to a 401K, where you are employed. If you earn 150 million per year (while at Bain), that's 10 million that he can put in the account, every year.......when you leave that employment, you roll-over that account to an IRA......

    Simple.....

    doc
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  8. #8  
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    Quote Originally Posted by FactsMatter View Post
    So how did he do it? Are you really that disinterested?
    Yeah, pretty much. I don't get worked up about how a man made his money since I'm not a jealous little moonbat. I figure if the IRS doesn't care, neither should I.

    Maybe the better question you should be asking is how could a TAX CHEAT get nominated and approved as a Treasury Secretary than worrying about how you can't make the money Romney does?
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  9. #9  
    Senior Member Apache's Avatar
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    Quote Originally Posted by FactsMatter View Post
    I have an IRA account for retirement but I can only contribute a few thousand dollars a year.

    How the heck was Romney able to get 100 million in his tax-deferred IRA account??

    Has Romney explained how he did it?
    Facts matter, huh? Well you sure don't live up to your handle...
    No links.

    No proof.

    Just hearsay...




    I bet he doesn't make it to 50 posts before becoming a spittle spewing ban target
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  10. #10 not hard to find proof - google brings up lots of articles 
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    [QUOTE=Apache;521955]Facts matter, huh? Well you sure don't live up to your handle...
    No links.

    No proof.

    Just hearsay...




    I bet he doesn't make it to 50 posts before becoming a spittle spewing ban target [/QUOTE


    From the Wall Street Journal - yeah he sure does have millions in an IRA - did not know that could be done.


    http://www.americanbusiness.com/02_0...thodox-IRA.pdf
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