Get the latest tech news

How to not pay your taxes legally, apparently


How

Peter Thiel famously bought his Paypal shares (which were valued at a few cents when he founded the company) into his Roth IRA account. Basically as long as you wait 5 years before selling the business, you won’t be taxed on the first $10 million dollars. The following states will have tax complications with these methods: Arizona California Colorado Indiana Kansas Utah Lousiana Missisippi New Mexico Oregon South Carolina

Get the Android app

Or read this on Hacker News

Read more on:

Photo of taxes

taxes

Related news:

News photo

Majority of UK gamblers would flee to black market if taxes rise – BGC survey

News photo

ASML Urges Consistency on Taxes After Dutch Government U-Turn

News photo

Taxes and fees not included: T-Mobile's latest price lock is nearly meaningless