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> One of the thing that sucks about all these billionaires running end run around the tax system (outside of the obvious pay your fair share) How is what Thiel
by rs999gti 5y ago
> One of the thing that sucks about all these billionaires running end run around the tax system (outside of the obvious pay your fair share)
How is what Thiel did an end around? He paid taxes on his contributions - https://www.hrblock.com/tax-center/income/retirement-income/how-roth-ira-contributions-are-taxed https://www.hrblock.com/tax-center/income/retirement-income/...
- boringg 5y agoI don't disagree - I would say that he definitely leaned in on the letter of the law and leaned away from the spirit of the law. $5B in untaxed gains is frankly both impressive in that he generated those returns and also feels a bit unfair to the rest of us who have to pay cap gains on all our smaller wins.