Reposted by Jason Falsone
Peter Thiel is about to turn 59 and a half this year, so he’ll be able to withdraw his more than $5 billion in capital gains tax free because he legally gamed the Roth IRA system. Superrich just have different rules.
Propublica’s 2021 report: www.propublica.org/article/lord...
propublica.org
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank
Roth IRAs were intended to help average working Americans save, but IRS records show Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.