re: #37 goddamnedfrank

And while I have no first hand knowledge about exactly how he’s set up his holdings my educated guess, based on his statement that he decided to explore running for President because of AOC’s 70% top marginal rate policy proposal, is that the vast majority of that stock is being held in some kind of traditional pre-tax IRA. In other words, he never went Roth. Meaning under such a proposal he’s likely to be hit hard if he liquidates his holdings because almost all of it will be classified as income instead of capital gains.

Basically, this motherfucker is scared, and he’s trying to get Trump re-elected out of nothing but pure greed.

Meanwhile the worker bees can’t put more than $5500 away (IF they could afford it. Thirty years of max contribution about $175,000, but Schultz gets to abuse the system (like Romney) and put away millions tax deferred.