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MIAMI, FL - OCTOBER 01:  Dorothy Torrence, from the Miami-Dade Elections Department, helps Yarelis Alvarez (L) and Alberto Alvarez fill out their voter registration forms on October 1, 2012 in Miami, Florida. As the October 9th deadline for people to register to vote in the upcoming election approaches according to the Florida Department of State, the number of people registering to vote is now averaging between 1,500 and 3,000 a day. After months of the Democrats questioning the motives of the Republican led legislator to purge non citizens and roll back early voting, the Republican Party was accused of using a firm to register voters that was providing false voter registration information. (Photo by Joe Raedle/Getty Images) MIAMI, FL - OCTOBER 01:  Dorothy Torrence, from the Miami-Dade Elections Department, helps Yarelis Alvarez (L) and Alberto Alvarez fill out their voter registration forms on October 1, 2012 in Miami, Florida. As the October 9th deadline for people to register to vote in the upcoming election approaches according to the Florida Department of State, the number of people registering to vote is now averaging between 1,500 and 3,000 a day. After months of the Democrats questioning the motives of the Republican led legislator to purge non citizens and roll back early voting, the Republican Party was accused of using a firm to register voters that was providing false voter registration information. (Photo by Joe Raedle/Getty Images)
House Bill Would Blow Up The Massive IRAs Of The Superwealthy
The proposed reform stems from a ProPublica story that detailed how PayPal founder Peter Thiel had amassed $5 billion, tax-free, in a Roth IRA. If the bill passes, Roth accounts would be capped at $20 million for high-income individuals.
09.22.21 | 10:00 am