Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
by vmception on Thursday June 24, 2021 @09:26PM
(#27626125)
> but being in a position to decide what what your taxable income will be is a loophole in itself
mmmm not a loophole, the government encourages entrepreneurship and created tax deferred plans because social security is flawed and inadequate and pensions also shouldnt be expected by the general population
Having a self directed IRA with some good trades in it is the expected outcome
There was some snark that was edited out.
> Plenty of founders are receiving salaries below that threshold in 2021, even after raising money.
Yeah, that's the mechanism, but being in a position to decide what what your taxable income will be is a loophole in itself, one that's pretty much only available to the wealthy and people who run businesses. I'm sure Thiel was both at the time.