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by tablespoon
1825 days ago
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> I'm surprised to see this downvoted. There was some snark that was edited out. > Plenty of founders are receiving salaries below that threshold in 2021, even after raising money. Yeah, that's the mechanism, but being in a position to decide what what your taxable income will be is a loophole in itself, one that's pretty much only available to the wealthy and people who run businesses. I'm sure Thiel was both at the time. |
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mmmm not a loophole, the government encourages entrepreneurship and created tax deferred plans because social security is flawed and inadequate and pensions also shouldnt be expected by the general population
Having a self directed IRA with some good trades in it is the expected outcome