just found out about peter thiels $5B roth account and im weeping like caesar before the statue of alexander
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It turns out that "I'm going to lie about how much my shares are worth to be able to shelter them from taxation" is a strategy that Congress thought of and outlawed, not some brilliant invention of Thiel's.pic.twitter.com/0YBJfEW1S9
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my understanding is that this is standard practice but if its felonious and he managed to get away with a tax dodge anyway i only respect him more
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Well, maybe. Had a coworker ask our general council about something similar several years ago and the response was "no, that's super illegal". I'm sure Theil won't get in any real trouble about it though
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