Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
by tablespoon on Thursday June 24, 2021 @06:09PM
(#27624492)
> The key here is that if you have to reliably identify exactly which startup to put your $2000 in.
No. Theil was already making a risky startup bet, so the "reliably identify" point is moot. All this maneuver did was let him avoid all the taxes he'd owe if it paid off.
No. Theil was already making a risky startup bet, so the "reliably identify" point is moot. All this maneuver did was let him avoid all the taxes he'd owe if it paid off.