1080
They're such great investors!
(lemmy.world)
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
Roth IRA: Can only put in $6,000 per year by law.
A congressional representatives I can't remember the name of: Has over 2 million in Roth IRA.
Some law was broken at some point.
Peter Thiel also. As far as I know, he legally contributed to the IRA and then invested the money in his own businesses, which grew several thousand percent.
That's not necessarily the case. Wasn't it a big issue recently saying that high tech earners had been putting shares of startups into their Roth IRA then it was worth way more than intended later?
In 2012, Mitt Romney had over $100 million in a Roth IRA.
Backdoor Roth conversions + outsized gains like mentioned in the image would pretty easily explain that, which is all "perfectly legal"