Massive Romney IRA Still Sparks Unanswered Questions

[spanone]

As Mitt Romney’s refusal to release further tax returns becomes a central issue in the presidential race, a related question first raised in January remains stubbornly unanswered: How did Romney build such a massive individual retirement account?

The size of the GOP presidential candidate's IRA is "very unusual," said Rebecca Wilkins, senior counsel for federal tax policy at the nonprofit advocacy group Citizens for Tax Justice. "The Romney campaign has not been that forthcoming."

According to Romney’s disclosure documents, the candidate has between $20.7 million and $101.6 million parked tax-free in his IRA -- a significant proportion of his total wealth, as noted by Mark Maremont in the Wall Street Journal.

It’s a whopping sum by most standards; according to the nonprofit Employee Benefit Research Institute, the average IRA held $67,438 in 2010.

http://www.huffingtonpost.com/2012/07/17/romney-ira_n_1681179.html

[malaise]

1. This is not going away

Willard will pay

[spanone]

3. our media has no curiosity about willard's retirement account....

if Obama was hiding ten dollars they would expose him and congress would impeach him

[flamingdem]

2. I like the idea of comparing his IRA with the average IRA

Could be a good graphic too

[rateyes]

4. law only allows like 5 or 6 thousand a year to go into an ira...

How in the hell did he get multimillions in returns, especially in this economy??

[thelordofhell]

6. Some people call it "gaming the system"

I call it CHEATING

[Vincardog]

5. Actually the Massive Romney IRA answers Questions. He has gamed and cheated the system.

Last edited Sun Jul 22, 2012, 09:02 PM - Edit history (1)

There is no way he could have accumulated this size IRA LEGALLY.

[Skittles]

8. actually there is

it's called rules made specifically for rich fucks to game the system

[IggleDoer]

7. There was a Broadwy musical in the 60's called "Fiorello"?

It was about the political rise of Fiorello LaGuardia against the corrupt Democratic machine in New York City.

Ont of the songs was called "Little Tin Box" in which a litany of corrupt politicians explained to the authorities how they amassed their fortunes. It seems that every day they put their spare change in a little tin box. As one told the judge, these savings "mounted up, Your Honor, bit by bit."

The chorus then chanted "Up Your Honor, bit by bit."