tag:blogger.com,1999:blog-2986124651030959736.post59395693557767274..comments2024-03-28T09:42:38.695-05:00Comments on Stocks, Bonds & Politics: Jobs Report/FTE Dividend-Withholding Tax/Sold 100 METPRA at $24.95/Did Romney Raise Taxes as Governor?/TENNINDEPENDENThttp://www.blogger.com/profile/17444227958539559639noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2986124651030959736.post-34317322856276369692012-07-09T16:04:08.638-05:002012-07-09T16:04:08.638-05:00The Vanity Fair article explores how Romney probab...The Vanity Fair article explores how Romney probably grew his IRA to such absurd levels and that is one reason why he want release his tax returns prior to 2010. I would recommend reading that article. Basically, he would put common stock in his IRA from the companies taken over by BAIN. The valuation of that stock is key given the limitations on IRA contributions. Romney would not want independent auditors looking at those initial valuations, since they might be unjustifiably low. In any event, it points to one way that the super rich take advantage of tax provisions. He has a 15% tax rate while making millions per year, and part of that is due to the carried interest tax loophole which converts compensation into long term capital gains taxed at 15%. He also probably has more offshore trusts than all previous U.S. Presidents combined multiplied by 10.TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-38280231449051484002012-07-09T11:36:06.621-05:002012-07-09T11:36:06.621-05:00Look at St. Louis Stress chart divergence w/ S&...Look at St. Louis Stress chart divergence w/ S&P, yet complacency is at absurd levels. <br />http://tinyurl.com/7o52lx6Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-31901749555725703772012-07-09T11:24:06.630-05:002012-07-09T11:24:06.630-05:00Reportedly, Romney has $100 mil in his IRA. How is...Reportedly, Romney has $100 mil in his IRA. How is that possible with the limitations?Anonymousnoreply@blogger.com