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Tuesday, February 7, 2012

Who's Your Daddy?: Romney Trust for Sons

Full disclosure: yes, I am a flaky liberal. But still. Did you see this? In addition to Mr and Mrs Romney's 250 million, the sons have 100 million, all funded through gifts under the IRS threshold (now $13,000 per person, so mom and dad can give each child up to $26,000/year).

What I find interesting (and envy-provoking) is that in a period when my own retirement investments have not done so well, these guys made more than 20%/year. That's more than Madoff was promising! Can someone explain this to me?

Here's the article.

1 comment:

Jane W. said...

Steve Martin said it best. "Here's how to be a millionaire. First, get a million dollars."