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The proposed Unrealized Capital Gains Tax

#61

(11-01-2021, 09:00 AM)StroudCrowd1 Wrote:
(11-01-2021, 08:49 AM)The Real Marty Wrote: Try this one

Or, simply google "Peter Thiel IRA."

It's really a beautiful scheme, and completely legal.  Thiel used his Roth IRA to buy shares in Paypal when it was a startup.  Now the value has grown into the billions, and he can sell them and owe no tax.

Well that is good for him, but clearly an outlier, and I think he should keep every dime of it and never be threatened with paying taxes on a Roth IRA because that is sort of the agreement when you set it up.

Sure, but I still don't understand your statement,  "Anyone with that net worth isn't dumb enough to keep their assets in an IRA."  Why would you say that?  

The problem I see is getting large assets into an IRA, due to the contribution limits.  But if you can get large assets into an IRA, or grow small assets to large size in an IRA, particularly a Roth IRA, I don't see why one wouldn't want to do that.  Why did you say that?  
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Messages In This Thread
homebiscuit - by homebiscuit - 10-27-2021, 02:13 PM
homebiscuit - by homebiscuit - 10-27-2021, 03:00 PM
Copycat - by copycat - 10-27-2021, 08:18 PM
RE: Copycat - by navyjagfan - 10-27-2021, 10:33 PM
RE: Copycat - by captivating - 10-28-2021, 04:16 AM
RE: The proposed Unrealized Capital Gains Tax - by The Real Marty - 11-01-2021, 09:10 AM



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