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A comment on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank. Parent comment

Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by bliteben on Thursday June 24, 2021 @09:09PM (#27625997)
How would you handle stocks not paying a dividend? It is a clear moral hazard and with a flat tax you could expect even more companies to adopt this practice of only doing stock buybacks.
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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by nickpp on Friday June 25, 2021 @02:01AM (#27627595)
A flat tax would presumably have the same rate for dividends and capital gains, so I guess it would be pretty much the same for companies?
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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by et2o on Friday June 25, 2021 @10:44AM (#27631398)
Stock buybacks aren’t capital gains, until the stock is eventually sold to trigger the capital gains event. More recently, we have seen that wealthy people just never sell the stock and take out low interest loans against it, effectively paying a tax ratr of just a few %.
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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by nickpp on Saturday June 26, 2021 @12:25AM (#27639104)
Nothing wrong with that, it’s like a mortgage. The loan must be repaid at some point and so will the tax on capital gains.
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