[TESTING - Daily Automation] House Bill Would Blow Up the Massive IRAs of the Superwealthy — ProPublica

The Daily Digest

Tue. Sep 21, 2021

House Bill Would Blow Up the Massive IRAs of the Superwealthy

The proposed reform stems from a ProPublica story that detailed how PayPal founder Peter Thiel had amassed $5 billion, tax-free, in a Roth IRA. If the bill passes, Roth accounts would be capped at $20 million for high-income individuals.

by Justin Elliott, Patricia Callahan and James Bandler

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