is an investigative report by ProPublica into taxation of the ultraweathy in the United States, based on Internal Revenue Service data on the tax returns of thousands of the nation’s wealthiest people. It focuses on how ultraweathy individuals can use a loophole in the laws regarding Roth Individual Retirement Accounts (IRA) to amass massive amounts of wealth without paying taxes. It was written by Justin Elliott, Patricia Callahan and James Bandler, and was published on June 24th, 2021.
Reference [edit]
Elliot, Justin, James Bandler, and Patricia Callahan. n.d. “Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class into a $5 Billion Tax-Free Piggy Bank.” ProPublica. https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank .
