Romney, Taxes, and Shelters

If those of us that are making middle class to lower class wages, can only put $5,000 for a couple, into an IRA every year, and have that money sheltered, We will only make $200,000 plus interest after 40 years of depositing money into an account. How does Mitt Romney get away with having $101 million sheltered from the taxpayers??????

About rossmeister

Husband, Father, Have Cats, Philosopher on World Issues, Future Author, Aviation Technician, Hate Snow and winters longer than three months. If you want to argue a point with me, pretend that I'm a judge in a courtroom, and you need to tell me the facts as you know and see them so you can argue in the attempt to win your case. There are no guarantees that you will win, but your chances are better if you use this method.
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3 Responses to Romney, Taxes, and Shelters

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  2. gold price says:

    The Romneys filed five forms in 2010 disclosing transactions relating to investment funds that could raise red flags with the IRS. The government requires taxpayers to report some transactions that have characteristics that might suggest the use of tax shelters, such as generation of a large loss. Not all transactions reported under this requirement are tax shelters.

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