Comment on Peter Thiel Has Accumulated $5B in a Roth IRAparentComments−mason555ywhich just isn't practical at this magnitude.Why not? If I mess up taxes in my IRA, not only do I have to pay them but I have to pay a penalty. But there's some amount over which it's just too big to figure out so we let it go?−nrmitchi5yDon't get me wrong, I 100% agree with you that based on the facts, it should happen.But short of siezing all of his still-in-the-US assets, Thiel has $2B-worth-of-reasons to spend decades arguing this in court.−Retric5yAnd the USG stands to gain 15% of 5 Billion plus penalties from this. That’s well worth the fight.
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Why not? If I mess up taxes in my IRA, not only do I have to pay them but I have to pay a penalty. But there's some amount over which it's just too big to figure out so we let it go?
Don't get me wrong, I 100% agree with you that based on the facts, it should happen.
But short of siezing all of his still-in-the-US assets, Thiel has $2B-worth-of-reasons to spend decades arguing this in court.
And the USG stands to gain 15% of 5 Billion plus penalties from this. That’s well worth the fight.