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boogoob

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boogoob
·5 年前·議論
They can't contribute to a Roth IRA, but they can contribute to a Traditional IRA, just without a deduction.

https://www.irs.gov/retirement-plans/plan-participant-employ...
boogoob
·5 年前·議論
Oh actually, if you go and read the bill text they link, there is in fact a cap at $10m along with other measures to close up loopholes. Starting at section 138301.

https://www.advantaira.com/wp-content/uploads/2021/09/WM-Tax...
boogoob
·5 年前·議論
Given the relatively low cap on IRA contributions, it's not directly an issue of income, but rather your access to high-return investments like early-stage stock options.

Of course, someone with lots of investments will have the luxury of just making the highest-payoff ones with their IRA funds.

Independently, in the rest of the bill [1] there are lots of reasonable things like a $10 million IRA cutoff limit.

1) https://www.advantaira.com/wp-content/uploads/2021/09/WM-Tax...
boogoob
·5 年前·議論
Presumably meant to address high net worth individuals completely dodging taxation on huge gains by using their IRAs for investments like exercising early-stage stock options.[1]

I kind of wish they'd go with just capping the gains, but would I still say that if I wasn't planning to use mine to "fund" high-return cryptocurrency arbitrages?

1) https://www.forbes.com/sites/sarahhansen/2021/06/24/peter-th...