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Kansas Sites

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The Kansas Sites ring invites you to visit our state from anywhere. Sites joining this ring will be about Kansas: things to see and do, events calendars, travel, schools, historical places, highways and trails, towns, ecards, genealogy, bed and breakfasts, politics, local businesses, and more. If your site is about Kansas, you are invited to join.
 

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post by 99pctr - 09/02/2012
http://usa.r360.com/coil-web/rest/files/contents/52707921

Mitt Romney exited Bain Capital with rare tax benefits in retirement
From the article:
"As a result, his IRA could be worth as much as $87 million, according to his estimates, and he can continue to earn tax-advantaged income from Bain more than a decade after he formally left the firm.

The structure and tax treatment of his retirement, including the IRA, was legally sound and appropriate, they say, adding that he has earned less money over his career than some other top private-equity executives, who earned billions of dollars during the same period."

So the takeaway here is
1.  87 MILLION?  The rest of us mortals can put away a few thousands legally a year.
2.  Other, similar CEOs in his field made billions.  Soooooo  Romney is really nto that good at business after all?





Replied - 09/12/2012
http://usa.r360.com/coil-web/rest/files/contents/53267841

U.S. Income Gap Grows
Income for the top fifth of American households rose by 1.6 percent last year, driven by even larger increases for the top 5 percent of households, said David Johnson, the Census Bureau official who presented the findings. All households in the middle of the scale saw declines, while those at the very bottom stagnated.

We need to cut capital gains and other high end taxes because....
Oh I know. me me me.  Teacher, because the rich are job creators.




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