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by TuringNYC 3153 days ago
>> But not possible for ~$1 billion in gains

Quite possible given enough trust lawyers and accountants. Mitt Romney managed to own a lot of his stock in his Roth IRA. The PayPal gang is famous for paying almost zero taxes though the same tricks. Yes, you dont get to spend it until retirement, but he isnt spending the billion, he is just reinvesting it.
1 comments
loeg 3153 days ago
No, the Romney move is still not possible in Bezos' shoes. Bezos couldn't have invested in Amazon in his IRA when it was worth nothing:

https://en.wikipedia.org/wiki/Self-directed_IRA#Permitted_in...

> IRA funds are allowed to be invested in private companies. ... The IRS puts restrictions on private equity investments that can be made by an IRA. It cannot purchase stock that the IRA holder already owns. ... In most cases, neither the IRA holder nor any disqualified persons to the plan can be employed by the company while the IRA has an equity position in that company.

link