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Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank

www.propublica.org Essays & writing News reports Economics & business Candidate
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Resurfaced independently across 3 calendar years, with breakout response in 3 of them.

submissions
3
submitters
3
observed span
2021–2024
peak thread · 775 comments
521 pts
latest 20+ return · 2024-03-14
87 pts

Submission timeline

2007–2026

One slot for every year since HN launched. Height is that year's peak points; orange marks a 100+ point or 50+ comment breakout. Select a bar to open its strongest thread.

First comments on top threads

HN comment order

Utterly astounded and dismayed to see this much of HN's audience completely fail to comprehend what they've read here and paint this as some sort of sinister theft. This is the law functioning as intended. Thiel's case is a one-in-100-million+ event. He may have the only Roth IRA in existence that's valued at over $5 billion. But he didn't do it by exploiting some sort of "loophole" or paying high-priced accountants to shield his assets in foreign entities offshore. He…

maxk42·521-point thread·

What's the news here? That he did someone wrong? Because to me it looks like it's working as intended.

Title should be “US leaders passed legislation that allowed for limitless future tax free earnings if redeemed after age 59.5”. Propublica does good work, but they reduce their credibility when they put out clickbait to induce rage at a single person playing by the rules. Guess it is easier to get people riled up against one “evil” person than the myriad representatives the populace voted for.

The first top-level comment from each of the four biggest threads, in HN’s own order. Excerpts are shortened; open a comment for full context.

Breakout years
3

100+ points or 50+ comments

Total points
685

reference only — not used in Hall rules or ranking

Total comments
953

reference only — not used in Hall rules or ranking

Every submission

DateTitle as submittedByPointsComments
2021-06-24Peter Thiel turned a Roth IRA into a $5B tax-free piggy bankFirst breakout · Best threadgiuliomagnifico521775
2022-11-17Peter Thiel Turned a Retirement Account into a $5B Tax-Free Piggy Bank (2021)nabla977120
2024-03-14Peter Thiel Turned a Roth IRA into a $5B Tax-Free Piggy Bank (2021)Latest 20+ point returnravel8758