René Upshaw The money belongs to the American Workers. Get our money back. Tune IN. .... President Obama will unveil a slew of new taxes targeting the wealthiest Americans in his State of the Union address Tuesday. And theres one person in particular who would be hit extra hard if the policies ever became law: Mitt Romney. When Romney ran for president in the last election, his financial disclosures served as a fascinating window into how the ultra-rich manage their money very differently from most Americans. Exhibit A: Romneys individual retirement account (IRA), which was worth somewhere between $20.7 million and $101.6 million when he was running for president. That number shocked a lot of people, since the government allows savers to put in only several thousand dollars a year into your IRA ($6,500 is the current annual maximum). Youd have to be a trading wizard beyond the likes of Warren Buffett to spin such contribution amounts into millions. In a fact sheet describing the new proposals, the administration never calls out Romney by name, though it does slyly refer to closing loopholes that have enriched 300 extraordinarily wealthy individuals who have accumulated more than $25 million each in IRAs. https://youtube/watch?v=uBvbJNlKeUs (Trailer 2:47) https://youtube/watch?v=BLWnB9FGmWE (Video 28:06) washingtonpost/…/obamas-new-tax-plan-would-…/
Posted on: Sun, 18 Jan 2015 22:51:54 +0000
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