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The Water Cooler
General Discussion
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: 3662613" data-attributes="member: 1563"><p>We are talking very different things. I don’t think it’s ok you and I pay more in income tax than quite a few billionaires. You seem ok with it.</p><p></p><p>Cooperations have nothing to do with what I’m saying about individual billionaires. That’s yet another problem. I’m pro democracy, and free market economy. It make no sense Peter thiel can invest 2k in a Roth IRA and turn it into 5 billion and avoid all income taxes on it, and even pass it on to his heirs, tax free. You, I, these farmers can not exploit some of these loop holes. That is problematic. I can’t buy pre ipo shares at a massively reduced rate, not available to the public, in my Roth IRA. You can’t either, Peter Thiel could, can, and did. I don’t blame him for it, I’d do the same thing. It was absolutely brilliant of him.</p><p></p><p>Again, I posted a link the very definition of tax loop hole above. Tax refund has nothing to do with it. In fact, if someone gets large tax refunds, they are not very financially savvy. They just gave the govt a free loan.</p><p></p><p>Somewhere there has to be a balance. Read up on buy, borrow, die, which I posted above, or Peter Thiels brilliant strategy. Then I think we will be on similar pages.</p></blockquote><p></p>
[QUOTE="El Pablo, post: 3662613, member: 1563"] We are talking very different things. I don’t think it’s ok you and I pay more in income tax than quite a few billionaires. You seem ok with it. Cooperations have nothing to do with what I’m saying about individual billionaires. That’s yet another problem. I’m pro democracy, and free market economy. It make no sense Peter thiel can invest 2k in a Roth IRA and turn it into 5 billion and avoid all income taxes on it, and even pass it on to his heirs, tax free. You, I, these farmers can not exploit some of these loop holes. That is problematic. I can’t buy pre ipo shares at a massively reduced rate, not available to the public, in my Roth IRA. You can’t either, Peter Thiel could, can, and did. I don’t blame him for it, I’d do the same thing. It was absolutely brilliant of him. Again, I posted a link the very definition of tax loop hole above. Tax refund has nothing to do with it. In fact, if someone gets large tax refunds, they are not very financially savvy. They just gave the govt a free loan. Somewhere there has to be a balance. Read up on buy, borrow, die, which I posted above, or Peter Thiels brilliant strategy. Then I think we will be on similar pages. [/QUOTE]
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The Water Cooler
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