Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank

Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by hyperpape on Thursday June 24, 2021 @05:22PM (#27623956)

You're right that this is legal, and that it does not seem to involve any trickery. It's not clear that it's even a loophole per se.

But that is not the same as intended, which is a stricter bar. Arguably a provision capping the tax-exempt returns to a mere 10000% (just spitballing, surely there are better ways to write such a provision) would have been more in keeping with the intent of the law.

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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by vmception on Thursday June 24, 2021 @06:21PM (#27624625)

A stricter bar because?

What issue do you have with people having post tax dollars? I don’t really understand this sentiment, it seems to be at odds with even the government’s goals.

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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by hyperpape on Thursday June 24, 2021 @06:25PM (#27624668)

You misinterpret. I mean a stricter bar for interpretation.

My own opinion on taxes is irrelevant—the parent poster cannot say “it’s legal, so it’s the intent of the law”.

This is true whether it’s a good or a bad law.

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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by vmception on Thursday June 24, 2021 @10:01PM (#27626373)

I see, just a stricter bar of scrutiny

I think this outcome passes the stricter bar of moral, just, intended, and something others should learn from

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