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A little math on Mitt Romney’s IRA

http://www.jasonmorrison.net/content/2012/a-little-math-on-mitt-romneys-ira/

by dennisgorelik • 14 years ago

8 3 14 years ago

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mike626• 14 years ago

His 401(k) could simply be a self-directed investment account. I have one that is a Roth IRA. You are limited in what can be deposited into the account, but it can grow without limit from capital gains.

sc68cal• 14 years ago

TPM has a good article on some of the loopholes that could have been exploited, and also links to a more technical discussion of some possibilities, revolving around the UBIT (Unrelated Business Income Tax) on pages 40-48.

http://tpmdc.talkingpointsmemo.com/2012/07/romney-offshore-i...

http://www.law.nyu.edu/ecm_dlv2/groups/public/@nyu_law_websi...

fourspace• 14 years ago

Aren't the contribution limits on IRAs only referring to the tax deductible portion? I thought you could contribute after-tax dollars without a limit.

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