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This is not the tax loophole that needs closing. Policymakers are still refusing to tax the ultra high net worth elites.
by say_it_as_it_is 5y ago
This is not the tax loophole that needs closing. Policymakers are still refusing to tax the ultra high net worth elites.
- PaulDavisThe1st 5y agoIt's not everything, sure. But it does (attempt to) say "you cannot avoid paying tax on gigantic capital gains by shielding it inside a Roth IRA". It is absolutely directed at ultra high net worth elites. There is an argument that simply capping the gains inside a Roth IRA that can be tax-exempt would be a more efficient way to do this.