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How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $ 5 Billion Tax-Free Piggy Bank Justin Elliott, Patricia Callahan  and  James Bandler (ProPublica) 29 June 2021   Billionaire Peter Thiel, a founder of PayPal, has publicly condemned “confiscatory taxes.” He’s been a major funder of one of the most prominent anti-tax political action committees in the country. And he’s bankrolled a group that promotes building floating nations that would impose no compulsory income taxes.   But Thiel doesn’t need a man-made island to avoid paying taxes. He has something just as effective: a Roth individual retirement account.

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