2 ms·
> I'm surprised to see this downvoted. There was some snark that was edited out. > Plenty of founders are receiving salaries below that threshold in 2021, eve
by tablespoon 5y ago
> I'm surprised to see this downvoted.
There was some snark that was edited out.
> Plenty of founders are receiving salaries below that threshold in 2021, even after raising money.
Yeah, that's the mechanism, but being in a position to decide what what your taxable income will be is a loophole in itself, one that's pretty much only available to the wealthy and people who run businesses. I'm sure Thiel was both at the time.
- vmception 5y ago> but being in a position to decide what what your taxable income will be is a loophole in itself mmmm not a loophole, the government encourages entrepreneurship and created tax deferred plans because social security is flawed and inadequate and pensions also shouldnt be expected by the general population Having a self directed IRA with some good trades in it is the expected outcome