Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
by toomuchtodo on Thursday June 24, 2021 @07:05PM
(#27625082)
I would go so far that additional gains above $10 million are exposed to capital gains, as contributions are inconsequential compared to the compounding of the account’s assets at that account value.
This is in line with QSBS tax treatment of corporation shares, where if certain conditions are met, there are no capital gains on the first $10 million.
Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
by jeffbee on Thursday June 24, 2021 @07:35PM
(#27625301)
Any balance in excess of ten million dollars at end-of-year should be a mandatory distribution. That’s a simple and very fair way to address the Romney-Thiel issue.
This is in line with QSBS tax treatment of corporation shares, where if certain conditions are met, there are no capital gains on the first $10 million.
https://www.brownadvisory.com/us/theadvisory/qsbs-tax-exempt...