Exactly what financial acumen could
possibly create an IRA worth $101,000,000 given that the maximum amount allowed
as an IRA contribution was $1500 from 1975 to 1981, $2000 from 1982 to
2001, $3000 from 2002 to 2004, $4000 from 2004 to 2007, and $5000 from
2008 to 2010???
I can appreciate the power
of compound interest but I can't begin to figure how one turns a total of
$75,500 in contributions into $101,000,000.
Exactly what financial acumen could
possibly create an IRA worth $101,000,000 given that the maximum amount allowed
as an IRA contribution was $1500 from 1975 to 1981, $2000 from 1982 to
2001, $3000 from 2002 to 2004, $4000 from 2004 to 2007, and $5000 from
2008 to 2010???
I can appreciate the power
of compound interest but I can't begin to figure how one turns a total of
$75,500 in contributions into $101,000,000.
Money begets money which is why ill diie broke. Romney knows how to make it and it appears he pays his taxes. Wall st has one possibility and there are others but adding funds is what gets him from about 700 k in accrued interest to 100 million. If he did anything criminal hes done but romney doesnt strike me as a criminal. More like a crony capitalist.
Money begets money which is why ill diie broke. Romney knows how to make it and it appears he pays his taxes. Wall st has one possibility and there are others but adding funds is what gets him from about 700 k in accrued interest to 100 million. If he did anything criminal hes done but romney doesnt strike me as a criminal. More like a crony capitalist.
The point is, that if Romney has purposely undervalued his IRA assets to avoid the annual contribution
limits then he is guilty of tax evasion. You would think if he has nothing to hide, a full an immediate disclosure could defuse these "Liberal Talking Points" before they grow legs. Romney is guilty, or his Campaign in incompetent, or both.
The point is, that if Romney has purposely undervalued his IRA assets to avoid the annual contribution
limits then he is guilty of tax evasion. You would think if he has nothing to hide, a full an immediate disclosure could defuse these "Liberal Talking Points" before they grow legs. Romney is guilty, or his Campaign in incompetent, or both.
Exactly what financial acumen could
possibly create an IRA worth $101,000,000 given that the maximum amount allowed
as an IRA contribution was $1500 from 1975 to 1981, $2000 from 1982 to
2001, $3000 from 2002 to 2004, $4000 from 2004 to 2007, and $5000 from
2008 to 2010???
I can appreciate the power
of compound interest but I can't begin to figure how one turns a total of
$75,500 in contributions into $101,000,000.
Somebody please explain this financial miracle.
It's pretty amazing that these guys, tax attorneys, don't seem to know the exact value of the IRA and indicate a span of $80M or 500% but you purport to know or assume the very top of the range is the correct figure.
Let's see granny goose or Spencer Law Firm. Gee probably have to go with granny.
Since you're obviously more informed than they are. How did you come up with $75,500? Even your rudimentary addition skills should have put that figure over 100k. And what about the 401k contributions??
So in typical lefty fashion, you displayed:
jealousy arrogance blind devotion to the talking points of MSNBC sloth a lack of intellectual curiosity et al
Exactly what financial acumen could
possibly create an IRA worth $101,000,000 given that the maximum amount allowed
as an IRA contribution was $1500 from 1975 to 1981, $2000 from 1982 to
2001, $3000 from 2002 to 2004, $4000 from 2004 to 2007, and $5000 from
2008 to 2010???
I can appreciate the power
of compound interest but I can't begin to figure how one turns a total of
$75,500 in contributions into $101,000,000.
Somebody please explain this financial miracle.
It's pretty amazing that these guys, tax attorneys, don't seem to know the exact value of the IRA and indicate a span of $80M or 500% but you purport to know or assume the very top of the range is the correct figure.
Let's see granny goose or Spencer Law Firm. Gee probably have to go with granny.
Since you're obviously more informed than they are. How did you come up with $75,500? Even your rudimentary addition skills should have put that figure over 100k. And what about the 401k contributions??
So in typical lefty fashion, you displayed:
jealousy arrogance blind devotion to the talking points of MSNBC sloth a lack of intellectual curiosity et al
"Is capitalism really about the ability of a handful of rich people to
manipulate the lives of thousands of other people and walk off with the
money, or is that somehow a little bit of a flawed system?... I do draw a
distinction between looting a company, leaving behind broken families
and broken neighborhoods, and leaving behind a factory that should be
there."
~~~~~~~~~~Newt Gingrich
HE KNEW ROMNEY WAS A SLEAZEBALL FROM THE VERY BEGINNING.
"Is capitalism really about the ability of a handful of rich people to
manipulate the lives of thousands of other people and walk off with the
money, or is that somehow a little bit of a flawed system?... I do draw a
distinction between looting a company, leaving behind broken families
and broken neighborhoods, and leaving behind a factory that should be
there."
~~~~~~~~~~Newt Gingrich
HE KNEW ROMNEY WAS A SLEAZEBALL FROM THE VERY BEGINNING.
Canosvp, you dont care how the guy running for President made that money and if he cheated the system doing so? That is not important to you
That is a great way to clean up our govt, put in another crook
Why is he a crook? Bc he made a huge sum of money investing. Obviously, his Ira was tied to some of the Bain cap deals that returned exponential sums. All within the rules. Is that cheating the system or wrong? Should his success and wealth be held against him? I honestly don't understand that thinking.
Canosvp, you dont care how the guy running for President made that money and if he cheated the system doing so? That is not important to you
That is a great way to clean up our govt, put in another crook
Why is he a crook? Bc he made a huge sum of money investing. Obviously, his Ira was tied to some of the Bain cap deals that returned exponential sums. All within the rules. Is that cheating the system or wrong? Should his success and wealth be held against him? I honestly don't understand that thinking.
"Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money, or is that somehow a little bit of a flawed system?... I do draw a distinction between looting a company, leaving behind broken families and broken neighborhoods, and leaving behind a factory that should be there."
~~~~~~~~~~Newt Gingrich
HE KNEW ROMNEY WAS A SLEAZEBALL FROM THE VERY BEGINNING.
Gee from what I understand most or all of those companies were on the ropes anyway. If he prolongs the fall as long as possible, why is he still looked upon like a villian?
"Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money, or is that somehow a little bit of a flawed system?... I do draw a distinction between looting a company, leaving behind broken families and broken neighborhoods, and leaving behind a factory that should be there."
~~~~~~~~~~Newt Gingrich
HE KNEW ROMNEY WAS A SLEAZEBALL FROM THE VERY BEGINNING.
Gee from what I understand most or all of those companies were on the ropes anyway. If he prolongs the fall as long as possible, why is he still looked upon like a villian?
"Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money, or is that somehow a little bit of a flawed system?... I do draw a distinction between looting a company, leaving behind broken families and broken neighborhoods, and leaving behind a factory that should be there."
~~~~~~~~~~Newt Gingrich
HE KNEW ROMNEY WAS A SLEAZEBALL FROM THE VERY BEGINNING.
Gee from what I understand most or all of those companies were on the ropes anyway. If he prolongs the fall as long as possible, why is he still looked upon like a villian?
That reply shows you have not even remotely investigated their operations and their acquisition process.
Bain does not purchase BK candidates, you have to be just a little wiser than this..
Read up on how they leverage their purchases, their processes and how they can make such monster profits off their operations.
Bain is everything wrong with this type of business, they are disgusting and they are thieves.
Legalized looting is what Bain does..strip the assets, cut the workforce, load up the debt by trying to package multiple businesses, mine out all cash to doll out for Bain using as little firm capital as possible.
And people want to reward or even worse elevate executives that filet businesses like this?
There arent many ways out there that someone could hoard hundreds of millions of dollars like Bain has, it most certainly has not been to the overall benefit of the companies they manipulate.
"Is capitalism really about the ability of a handful of rich people to manipulate the lives of thousands of other people and walk off with the money, or is that somehow a little bit of a flawed system?... I do draw a distinction between looting a company, leaving behind broken families and broken neighborhoods, and leaving behind a factory that should be there."
~~~~~~~~~~Newt Gingrich
HE KNEW ROMNEY WAS A SLEAZEBALL FROM THE VERY BEGINNING.
Gee from what I understand most or all of those companies were on the ropes anyway. If he prolongs the fall as long as possible, why is he still looked upon like a villian?
That reply shows you have not even remotely investigated their operations and their acquisition process.
Bain does not purchase BK candidates, you have to be just a little wiser than this..
Read up on how they leverage their purchases, their processes and how they can make such monster profits off their operations.
Bain is everything wrong with this type of business, they are disgusting and they are thieves.
Legalized looting is what Bain does..strip the assets, cut the workforce, load up the debt by trying to package multiple businesses, mine out all cash to doll out for Bain using as little firm capital as possible.
And people want to reward or even worse elevate executives that filet businesses like this?
There arent many ways out there that someone could hoard hundreds of millions of dollars like Bain has, it most certainly has not been to the overall benefit of the companies they manipulate.
Were the investments in staples, sports authority and steel dynamics looting? Are those companies better or worse bc of bain's involvement? How many people do they employ now?
Were the investments in staples, sports authority and steel dynamics looting? Are those companies better or worse bc of bain's involvement? How many people do they employ now?
Isn't Bain capital and Romney just about on the same level as warren buffet and Berkshire?
Why does buffet get applauded and Romney get shit on?
Buffet is the direct recipient of a shit ton of taxpayer dollars he has gotten filthy rich (billions) on the back of hardworking Americans. He gets man of the year status because he promotes higher taxes. I guess I would too if I depended on taxpayer dollars to add to my already massive personal wealth.
Romney Is a slimy flip flopping liberal. I am sick to death to think that he is the best the GOP has to offer.
Isn't Bain capital and Romney just about on the same level as warren buffet and Berkshire?
Why does buffet get applauded and Romney get shit on?
Buffet is the direct recipient of a shit ton of taxpayer dollars he has gotten filthy rich (billions) on the back of hardworking Americans. He gets man of the year status because he promotes higher taxes. I guess I would too if I depended on taxpayer dollars to add to my already massive personal wealth.
Romney Is a slimy flip flopping liberal. I am sick to death to think that he is the best the GOP has to offer.
Isn't Bain capital and Romney just about on the same level as warren buffet and Berkshire?
Why does buffet get applauded and Romney get shit on?
Buffet is the direct recipient of a shit ton of taxpayer dollars he has gotten filthy rich (billions) on the back of hardworking Americans. He gets man of the year status because he promotes higher taxes. I guess I would too if I depended on taxpayer dollars to add to my already massive personal wealth.
Romney Is a slimy flip flopping liberal. I am sick to death to think that he is the best the GOP has to offer.
buffet isn't running for president
but when he sides with obama and pines for higher taxes on peoples incomes (like that effects him) the left has the guy on idol status. it's insanity
Isn't Bain capital and Romney just about on the same level as warren buffet and Berkshire?
Why does buffet get applauded and Romney get shit on?
Buffet is the direct recipient of a shit ton of taxpayer dollars he has gotten filthy rich (billions) on the back of hardworking Americans. He gets man of the year status because he promotes higher taxes. I guess I would too if I depended on taxpayer dollars to add to my already massive personal wealth.
Romney Is a slimy flip flopping liberal. I am sick to death to think that he is the best the GOP has to offer.
buffet isn't running for president
but when he sides with obama and pines for higher taxes on peoples incomes (like that effects him) the left has the guy on idol status. it's insanity
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