How the .001% Use Retirement Accounts as Tax-Free Piggy Banks

Описание к видео How the .001% Use Retirement Accounts as Tax-Free Piggy Banks

A retirement account designed for the middle class is being exploited as a giant tax shelter — legally — by some of the wealthiest Americans. Billionaire tech mogul Peter Thiel, a Paypal co-founder, has grown his Roth IRA to more than $5 billion.

This video is part of ProPublica’s series “The Secret IRS Files,” which reveals, using a trove of never-before-seen records, how the wealthiest avoid income tax. Read the series: https://propub.li/2T9G9Uc

Stock footage by https://www.videezy.com

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