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Mitt Romney exited Bain Capital with rare tax benefits in retirement

Publié par Clifford Armion le 09/03/2012

Tom Hamburger

Before Mitt Romney retired from Bain Capital, the enormously profitable investment firm he founded, he made sure to lock in his gains, both realized and expected, for years to come.
He did so, in part, the way millions of other Americans do — with the tax benefits of an individual retirement account. But he was able to turbocharge the impact of those advantages and other tax breaks in his severance package from Bain in a way that few but the country’s super-rich can ever hope to do.
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.
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"Mitt Romney exited Bain Capital with rare tax benefits in retirement", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mars 2012. Consulté le 01/10/2020. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/mitt-romney-exited-bain-capital-with-rare-tax-benefits-in-retirement