$100 Millions In IRA - Softcover

Rajsuman, Dr. Rochit

Softcover

ISBN 10: 1478315717 ISBN 13: 9781478315711

Verlag: CreateSpace Independent Publishing Platform, 2012

Inhaltsangabe

Whole America is in shock to learn the size of Individual Retirement Account (IRA) of the Republican Presidential candidate Mitt Romney. Some experts have estimated the value of his IRA over $100 Millions. Pundits are scratching their head, how can it be? Isn’t there a contribution limit? How can one amass $100 millions in a retirement account? Did Mitt Romney violate laws? Why didn’t IRS check? Along with the tax debate, from media reports, it appears to me that people would probably be not so shocked if money was in the taxable account. But because money is in an IRA, people want to know how it was done. If it was done legally than they can also use the same method and shelter their assets. It is a great opportunity to learn. Almost $17M in long-term capital gains, more than $3M in dividends and deduction of $4.5M is what made his tax rate to drop. Set aside the politics for a moment, whatever he did to have such large deduction, it worked well with the IRS, a lesson to be learned. There is even a bigger lesson than deductions – he didn’t created much in the ordinary income that is taxed at higher rate; and that amount is also very well structured. Hence, I think the whole tax return is very good example for all of us to learn how to structure ordinary income, how to take deductions and reduce taxable income.

Über diesen Titel

Über die Autorin bzw. den Autor

A cool Silicon Valley nerd, Rochit Rajsuman received Ph. D. in Electrical Engineering from Colorado State University. He has worked both in the academia and industry in engineering and engineering management positions. In academic career, Dr. Rajsuman has served as Assistant Professor in Computer Engineering and Science Department at Case Western Reserve University and as Pinson Chair Professor in the Electrical Engineering Department at San Jose State University. In industrial career, he has worked at Silicon Valley semiconductor companies LSI Logic and Equator Technologies and as manager of research at Advantest America R&D Center and as Chief Scientist at Advantest America Corporation. He has also founded two technology companies. Dr. Rajsuman has authored a number of books including three computer/electrical engineering books, published by the Artech House Inc., a division of Horizon House. He has written numerous papers and 30 awarded US patents related to design and testing of semiconductor integrated circuits.

Details zur Ausgabe

• Verlag: CreateSpace Independent Publishing Platform
• Erscheinungsdatum: 2012
• Sprache: Englisch
• ISBN 10: 1478315717
• ISBN 13: 9781478315711
• Einband: Taschenbuch
• Anzahl der Seiten: 104
• Kontakt zum Hersteller: Manufactured by Amazon on behalf of the author; https://www.amazon.de/hz/contact-us; ; c/o Amazon Media EU S.à.r.l., 38 Avenue John F. Kennedy; Luxembourg; L-1855; Luxemburg