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Stephen Colbert's Message to Billionaire Presidential Candidates: No Thanks [VIDEO]

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Hecuba's daughter1/30/2019 11:00:10 am PST

re: #300 Hecuba’s daughter

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IRA’s have a limit for everyone — and it’s currently 5500 (except for an additional 1000 allowed if you are over 50). In the past the limit was lower. So it’s unlikely that is how his shares are being held.

Also — in IRA’s — once you reach age 70 1/2 you are forced to take distributions, which are taxed as ordinary income. There’s no way Schultz would be interested in exchanging the harsh earned income rates with the much more favorable capital gains rates.