How the .001% Use Retirement Accounts as Tax-Free Piggy Banks
Channel: ProPublica
Date: 01/07/2021

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