just found out about peter thiels $5B roth account and im weeping like caesar before the statue of alexander
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Sam Walton basically did the same thing. He knew Walmart was going to be huge so he gave all his shares to his 5 kids when the stock was worthless. Or only worth millions. So they didn't pay inheritance tax when he died.
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That’s conviction in your future. Thiel’s move is lying to the IRS…
End of conversation
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Thief’s not the only big name who did this. It was the same Bay Area tax consultant who structured pretty much all of those Roth/founder’s stock deals. So less “standard practice” than “one guy’s idea; lather, rinse, repeat”.
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