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It received help from the United States, robbing banks in Ireland and the UK and some fundraising efforts by the group its self.

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Russell Herman

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2y ago

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What is the difference between Roth IRA and a traditional IRA?

A Roth IRA is funded with after-tax money and you do not pay taxes when you withdraw the money. A Traditional IRA is funded with pre-tax money and you pay taxes when you withdraw the money.


What are the key differences between a Simple IRA and a Roth IRA?

The key differences between a Simple IRA and a Roth IRA are how they are funded and taxed. A Simple IRA allows both employers and employees to contribute, with contributions being tax-deductible and withdrawals taxed as income. On the other hand, a Roth IRA is funded with after-tax dollars, meaning contributions are not tax-deductible but withdrawals are tax-free if certain conditions are met.


Can you gift a Roth IRA to someone?

No, you cannot gift a Roth IRA to someone else. Roth IRAs must be opened and funded by the individual account holder.


What are the differences between traditional ira and roth ira?

A traditional IRA is tax-deferred. You pay tax on the money when you withdraw it. A Roth IRA is funded with after-tax money, so you do not pay any additional income tax when you withdraw the principle or the earned interest.


Is a 457 IRA tha same asa roth IRA?

No, a 457 IRA is no the same as a Roth IRA. A 457 IRA is a type of retirement account that holds money pre-tax, so when the money is withdrawn in retirement, it is taxed as income at that time. A Roth IRA is funded with after tax dollars, and taxes are not assessed at the time of withdrawal.


What are the differences between a Roth IRA and a traditional after-tax retirement account in terms of their basic features and benefits?

A Roth IRA is funded with after-tax money, while a traditional retirement account is funded with pre-tax money. With a Roth IRA, withdrawals in retirement are tax-free, but contributions are not tax-deductible. In contrast, contributions to a traditional retirement account are tax-deductible, but withdrawals are taxed as income.


What are three common types of retirement plans for individuals?

The three most common types of retirement plans available for individuals would include the 401k, Roth IRA, and Traditional IRA. Both the 401k and Traditional IRA are tax-deferred, which means that the account owner is not charged taxes on earnings until they retire. A Roth IRA, meanwhile, is funded with post-tax earnings and therefore individuals do not have to worry about paying tax on their withdrawals. Each has their strengths and advantages, but are excellent solutions for income after retirement.


Can you have Both A Sep Ira and a Simple Ira?

Can you have both a Sep Ira and a Sep Ira?


Can someone's SS federal pension and IRA be attached to satisfy a debt incurred by their deceased spouse in California?

SS, federal pensions are totally exempt from seizure by creditors. An IRA might be partially attached for debt, dependent upon the way the plan was funded. And the terms it is controlled by, such as the named beneficiary, etc. Consult the CA exemption statutes.


What company funded the first computer?

ABC - funded by university grant.Harvard Mark I - funded by IBM and US Navy.ENIAC - funded by US Army.SSEC - funded by IBM.EDSAC - funded by university grant & Lyons.LEO - funded by Lyons (a british cookie and tea company).EDVAC - funded by US Army.IAS - funded by university grant.UNIVAC I - funded by Remington Rand.


How to convert a traditional IRA to a Roth IRA taxes?

Fortunately, you can easily convert your traditional IRA to a Roth IRA during a given tax year. You can contact the company that operates your IRA and have them rollover the traditional IRA to the new Roth IRA.


What kind of IRA accounts are there?

There are many kids of IRA accounts. Traditional IRA, ROTH IRA, SIMPLE IRA and a few more are the various kinds of different IRA accounts. Traditional IRA accounts are one of the more common IRA but are also the most basic and simple to use.