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In reply to the discussion: The Biggest Heist in America Is Being Sold as a Gift to Children [View all]KPN
(17,085 posts)49. Not hard to believe. Roth does provide a potentially enormousloophole. And if you happen to be lucky enough,
all your future income could be tax free. In Thiel's and other mega million/billionaires' case, it has nothing to do with luck. Mitt Romney was known to have already amassed a huge fortune in his IRA in his Presidential candidate years -- I'd be surprised if he hadn't done the same thing with a Roth.
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I read estimate that Peter Thiel has $5 billion in Roth accounts that grew from a few thousand dollars
lostnfound
16 hrs ago
#45
Not hard to believe. Roth does provide a potentially enormousloophole. And if you happen to be lucky enough,
KPN
12 hrs ago
#49
"It's a corporate heist dressed up as philanthropy, and America is too exhausted or too desperate to notice."
DeeDeeNY
Yesterday
#18
When I saw this story yesterday, I thought "Why do they have $6.25 B. They need to be taxed more." ...
aggiesal
Yesterday
#19
Yes, that line jumped out for me too. They had $6.5 billion to just "drop".
txwhitedove
13 hrs ago
#47
As always, Republicans only act generous when they are the beneficiaries of the generosity.
rickford66
Yesterday
#22