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The Water Cooler
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biden-gang-now-pushing-billionaires-tax-reality-will-likely-soon-tax-americans-401ks-iras/
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<blockquote data-quote="El Pablo" data-source="post: 3662585" data-attributes="member: 1563"><p>Never said it wasn’t legal, I said it’s a loop hole, as such it’s legal. When Bezos, Musk, etc get out of paying income taxes for years at a time, it’s a fundamental problem. There are many, many ways around it. Easiest way 1) get paid in stock not salary that never pays a divided. 2) get loans to live off of (not income, so loans are not taxable), 3) Die, pass on your unrealized stock gains to the next generatio.</p><p></p><p>The other way is exploiting Roth IRAs, Peter Thiel did this brilliantly, and since he now a citizen of New Zealand too, he can even pass his 5 billion roth IRA on, without every paying taxes on it by denouncing his US citizenship and exploiting more loopholes.</p><p></p><p>I personally am for just a flat tax. Get rid of all the needless complexity.</p></blockquote><p></p>
[QUOTE="El Pablo, post: 3662585, member: 1563"] Never said it wasn’t legal, I said it’s a loop hole, as such it’s legal. When Bezos, Musk, etc get out of paying income taxes for years at a time, it’s a fundamental problem. There are many, many ways around it. Easiest way 1) get paid in stock not salary that never pays a divided. 2) get loans to live off of (not income, so loans are not taxable), 3) Die, pass on your unrealized stock gains to the next generatio. The other way is exploiting Roth IRAs, Peter Thiel did this brilliantly, and since he now a citizen of New Zealand too, he can even pass his 5 billion roth IRA on, without every paying taxes on it by denouncing his US citizenship and exploiting more loopholes. I personally am for just a flat tax. Get rid of all the needless complexity. [/QUOTE]
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