If it's legal then he was smart.
The average Roth IRA was worth $39,000 in 2018. IRS records show PayPal cofounder Peter Thiel’s IRA was worth about $5 billion by 2019. And if he waits just a few more years, he’ll never pay a penny of taxes on any of it. Full story here: https://propub.li/3h2JVai pic.twitter.com/ikOGU2lehC
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You invade the privacy of American citizens by publishing illegally obtained information. Prove your transparency by posting tax returns and account balances of every
@propublica employee and owner.#ProsecuteProPublicaThanks. Twitter will use this to make your timeline better. UndoUndo
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good less money for the government
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"he'll never pay a penny of taxes..." seems misleading (at best) as money put into a Roth has already been taxed. What is the motive of this headline? To end Roth IRAs? To somehow add more taxes to Roth bc it's somehow cheating the govt? BTW who illegally released tax data?
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Good for him
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Replies: 'good for him!', 'SMART!', or 'we can do that too'. NO YOU CANNOT PARK BILLIONS in a ROTH cause YOU don't have billions. It is ABUSIVE and should be stopped.
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he didn't either
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