So ProPublica published another "rich-people-don't-pay-taxes" article the other day, this time about Peter Thiel, and it is simultaneously horrifying and fascinating. Apparently a number of the PayPal founders bought their founder stock with Roth IRAs, which means they paid taxes on the founder stock (of which there would be none), and subsequently *no* taxes on the growth.

So naturally, I spent my weekend reading the US Tax Code to understand how this was even legal, because that's clearly the only reasonable response to a revelation like this.

Here's what I came away with:
https://semistructured.substack.com/p/peter-thiels-billion-dollar-tax-shelter