• Re: Richest man in the world only has to pay $9200/mo child support for

    From VegasJerry@21:1/5 to jack roth on Sat Jul 22 12:40:38 2023
    On Saturday, July 22, 2023 at 12:24:53 PM UTC-7, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support. All rich divorced dad's with kids should move to Texas
    .

    Other than you being a divorced dad, all you need is the 'rich.'
    Which we know you ain't got...

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to VegasJerry on Sat Jul 22 14:05:25 2023
    On Saturday, July 22, 2023 at 12:40:43 PM UTC-7, VegasJerry wrote:
    On Saturday, July 22, 2023 at 12:24:53 PM UTC-7, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support. All rich divorced dad's with kids should move to Texas
    .

    Other than you being a divorced dad, all you need is the 'rich.'
    Which we know you ain't got...

    Says the moron who is sitting in a house worth about 1/3rd of mine.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to jack roth on Sun Jul 23 10:44:08 2023
    On Saturday, July 22, 2023 at 2:05:30 PM UTC-7, jack roth wrote:
    On Saturday, July 22, 2023 at 12:40:43 PM UTC-7, VegasJerry wrote:
    On Saturday, July 22, 2023 at 12:24:53 PM UTC-7, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support. All rich divorced dad's with kids should move to Texas
    .

    Other than you being a divorced dad, all you need is the 'rich.'
    Which we know you ain't got...
    .

    Says the...

    Confirmations noted.

    ... moron who is sitting in a house worth about 1/3rd of mine.

    We'll see. Post your address, (and mortgage statement); you apparently have mine..

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to VegasJerry on Sun Jul 23 12:08:24 2023
    On Sunday, July 23, 2023 at 10:44:12 AM UTC-7, VegasJerry wrote:
    On Saturday, July 22, 2023 at 2:05:30 PM UTC-7, jack roth wrote:
    On Saturday, July 22, 2023 at 12:40:43 PM UTC-7, VegasJerry wrote:
    On Saturday, July 22, 2023 at 12:24:53 PM UTC-7, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support. All rich divorced dad's with kids should move to Texas
    .

    Other than you being a divorced dad, all you need is the 'rich.'
    Which we know you ain't got...
    .

    Says the...

    Confirmations noted.

    ... moron who is sitting in a house worth about 1/3rd of mine.

    We'll see. Post your address, (and mortgage statement); you apparently have mine..

    Ya, you've told us all where you live? BTW, you still paying off a mortgage at your age? LOL.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From BTSinAustin@21:1/5 to jack roth on Mon Jul 24 10:18:46 2023
    On Sunday, July 23, 2023 at 3:08:29 PM UTC-4, jack roth wrote:
    On Sunday, July 23, 2023 at 10:44:12 AM UTC-7, VegasJerry wrote:
    On Saturday, July 22, 2023 at 2:05:30 PM UTC-7, jack roth wrote:
    On Saturday, July 22, 2023 at 12:40:43 PM UTC-7, VegasJerry wrote:
    On Saturday, July 22, 2023 at 12:24:53 PM UTC-7, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support. All rich divorced dad's with kids should move to Texas
    .

    Other than you being a divorced dad, all you need is the 'rich.'
    Which we know you ain't got...
    .

    Says the...

    Confirmations noted.

    ... moron who is sitting in a house worth about 1/3rd of mine.

    We'll see. Post your address, (and mortgage statement); you apparently have mine..
    Ya, you've told us all where you live? BTW, you still paying off a mortgage at your age? LOL.


    Not as old as Jerry but I have a mortgage that will outlive me unless I sell. Why pay cash when money was so cheap when I bought it? 2.5 ish %

    Current rates not so much

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to BTSinAustin on Mon Jul 24 11:01:29 2023
    On Monday, July 24, 2023 at 10:18:50 AM UTC-7, BTSinAustin wrote:
    Not as old as Jerry but I have a mortgage that will outlive me unless I sell. Why pay cash when money was so cheap when I bought it? 2.5 ish %

    Current rates not so much

    Ok, say you take the 2.5% loan and now have to do something with the money. Just to break even, you have to make 2.5% after tax. Plus, you are incurring risk...that type of risk maybe you don't want because no matter what you'll need a place to live.
    Using your logic, everyone who owns their home free and clear should have been maxing out HELOCs or selling and renting somewhere. Like any gambling, you want the risk to be appropriate with the amount of money you can afford to lose. Furthermore,
    that loan you have at 2.5%...is it callable? Might wanna check the fine print there, Hoss. They may suddenly want their money back and you might not be able to finance at 7% when the credit market is shrinking...or maybe one of the myriad other
    reasons you might not get qualified. Or, maybe you then have to sell and suddenly the market is shit because no buyers can qualify. Plus, there's something to be said for the feeling of security when you need to sleep. There's more to it that "Oh,
    looky, 2.5%".

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to jack roth on Mon Jul 24 11:40:32 2023
    On Sunday, July 23, 2023 at 12:08:29 PM UTC-7, jack roth wrote:
    On Sunday, July 23, 2023 at 10:44:12 AM UTC-7, VegasJerry wrote:
    On Saturday, July 22, 2023 at 2:05:30 PM UTC-7, jack roth wrote:
    On Saturday, July 22, 2023 at 12:40:43 PM UTC-7, VegasJerry wrote:
    On Saturday, July 22, 2023 at 12:24:53 PM UTC-7, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support. All rich divorced dad's with kids should move to Texas
    .

    Other than you being a divorced dad, all you need is the 'rich.'
    Which we know you ain't got...
    .

    Says the...

    Confirmations noted.

    ... moron who is sitting in a house worth about 1/3rd of mine.

    We'll see. Post your address, (and mortgage statement); you apparently have mine..
    .

    Ya, you've told us all where you live?

    *** Knew you wouldn't ***
    *** Knew your 'bachelor pad wasn't worth $1.5 million. ***

    See? The lying fucking coward runs again.

    BTW,

    No. No "BTW." You're a lying fucking coward. I've beat you again, and again.
    We all see it. We all laugh at you.

    And you know it.

    Dodge, run and hide you lying fucking coward...

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to jack roth on Mon Jul 24 11:47:56 2023
    On Monday, July 24, 2023 at 11:01:34 AM UTC-7, jack roth wrote:
    On Monday, July 24, 2023 at 10:18:50 AM UTC-7, BTSinAustin wrote:
    Not as old as Jerry but I have a mortgage that will outlive me unless I sell. Why pay cash when money was so cheap when I bought it? 2.5 ish %

    Current rates not so much
    .

    Ok, say you take the 2.5% loan and ...

    OK, say you quit duding and answer to your last lie:
    _____
    Says the moron who is sitting in a house worth about 1/3rd of mine.
    .
    We'll see. Post your address, (and mortgage statement); you apparently have mine..
    ___

    Well, coward? Where's your paid for $1.5 million dollar house (after alimony).

    (Gee, you suppose this lying fucking coward will Run & Hide?)

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to VegasJerry on Mon Jul 24 15:50:00 2023
    On Monday, July 24, 2023 at 11:48:00 AM UTC-7, VegasJerry wrote:
    On Monday, July 24, 2023 at 11:01:34 AM UTC-7, jack roth wrote:
    On Monday, July 24, 2023 at 10:18:50 AM UTC-7, BTSinAustin wrote:
    Not as old as Jerry but I have a mortgage that will outlive me unless I sell. Why pay cash when money was so cheap when I bought it? 2.5 ish %

    Current rates not so much
    .

    Ok, say you take the 2.5% loan and ...

    OK, say you quit duding and answer to your last lie:
    _____
    Says the moron who is sitting in a house worth about 1/3rd of mine.
    .
    We'll see. Post your address, (and mortgage statement); you apparently have mine..
    ___

    Well, coward? Where's your paid for $1.5 million dollar house (after alimony).

    (Gee, you suppose this lying fucking coward will Run & Hide?)
    .

    Yep. He did. What's the matter, asshole, out run yourself?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From BTSinAustin@21:1/5 to jack roth on Tue Jul 25 10:19:21 2023
    On Monday, July 24, 2023 at 2:01:34 PM UTC-4, jack roth wrote:
    On Monday, July 24, 2023 at 10:18:50 AM UTC-7, BTSinAustin wrote:
    Not as old as Jerry but I have a mortgage that will outlive me unless I sell. Why pay cash when money was so cheap when I bought it? 2.5 ish %

    Current rates not so much
    Ok, say you take the 2.5% loan and now have to do something with the money. Just to break even, you have to make 2.5% after tax. Plus, you are incurring risk...that type of risk maybe you don't want because no matter what you'll need a place to live.
    Using your logic, everyone who owns their home free and clear should have been maxing out HELOCs or selling and renting somewhere. Like any gambling, you want the risk to be appropriate with the amount of money you can afford to lose. Furthermore, that
    loan you have at 2.5%...is it callable? Might wanna check the fine print there, Hoss. They may suddenly want their money back and you might not be able to finance at 7% when the credit market is shrinking...or maybe one of the myriad other reasons you
    might not get qualified. Or, maybe you then have to sell and suddenly the market is shit because no buyers can qualify. Plus, there's something to be said for the feeling of security when you need to sleep. There's more to it that "Oh, looky, 2.5%".

    They call the loan I pay it off, simple. And yes that money is making more than 2.5%.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to VegasJerry on Tue Jul 25 10:46:41 2023
    On Monday, July 24, 2023 at 3:50:04 PM UTC-7, VegasJerry wrote:
    On Monday, July 24, 2023 at 11:48:00 AM UTC-7, VegasJerry wrote:
    On Monday, July 24, 2023 at 11:01:34 AM UTC-7, jack roth wrote:
    On Monday, July 24, 2023 at 10:18:50 AM UTC-7, BTSinAustin wrote:
    Not as old as Jerry but I have a mortgage that will outlive me unless I sell. Why pay cash when money was so cheap when I bought it? 2.5 ish %

    Current rates not so much
    .

    Ok, say you take the 2.5% loan and ...

    OK, say you quit duding and answer to your last lie:
    _____
    Says the moron who is sitting in a house worth about 1/3rd of mine.
    .
    We'll see. Post your address, (and mortgage statement); you apparently have mine..
    ___

    Well, coward? Where's your paid for $1.5 million dollar house (after alimony).

    (Gee, you suppose this lying fucking coward will Run & Hide?)
    .

    Yep. He did. What's the matter, asshole, out run yourself?
    .

    *** HELLO? ***

    Where the fuck is Jack Froth?

    (Oh, yea. "Running & Hiding")

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From RichD@21:1/5 to jack roth on Thu Jul 27 13:20:13 2023
    On July 22, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support.
    All rich divorced dad's with kids should move to Texas


    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    --
    Rich

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to RichD on Fri Jul 28 02:16:44 2023
    On Thursday, July 27, 2023 at 1:20:18 PM UTC-7, RichD wrote:
    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    --
    Rich

    This is complete bullshit lie. You can't transfer stock or options into a roth ira. Once you contribute realized gains(after tax money) into your Roth Ira, which btw, is very limited...even today only $6500/yr for most people, you can then trade
    options.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From da pickle@21:1/5 to jack roth on Fri Jul 28 09:01:23 2023
    On 7/28/2023 4:16 AM, jack roth wrote:
    On Thursday, July 27, 2023 at 1:20:18 PM UTC-7, RichD wrote:
    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    --
    Rich

    This is complete bullshit lie. You can't transfer stock or options into a roth ira. Once you contribute realized gains(after tax money) into your Roth Ira, which btw, is very limited...even today only $6500/yr for most people, you can then trade
    options.

    That really shocked me ... wonder why he made that up?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From VegasJerry@21:1/5 to jack roth on Fri Jul 28 07:44:35 2023
    On Friday, July 28, 2023 at 2:16:49 AM UTC-7, jack roth wrote:
    On Thursday, July 27, 2023 at 1:20:18 PM UTC-7, RichD wrote:
    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    --
    Rich
    This is complete bullshit lie. You can't transfer stock or options into a roth ira. Once you contribute realized gains(after tax money) into your Roth Ira, which btw, is very limited...even today only $6500/yr for most people, you can then trade
    options.
    .

    The bullshit is yours. One year I transferred additional stock into my Roth IRA. After the first of the year, they notified me I made too much money that year and couldn't do it. I transferred it out (without calculations). Neither my CPA nor IRS knew
    what to do about it. (The IRS ended up telling my CPA to "Just guess.")

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From RichD@21:1/5 to jack roth on Sat Jul 29 10:58:37 2023
    On July 28, jack roth wrote:
    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    This is complete bullshit lie. You can't transfer stock or options into a roth ira.
    Once you contribute realized gains(after tax money) into your Roth Ira, which btw, is very limited...even today only $6500/yr for most people, you can then trade options.

    Neither bullshit nor lie. Though a factual error - it was Paypal stock,
    not Fazebook.

    Read it and weep, nitwit - https://www.marketwatch.com/story/how-peter-thiel-turned-2-000-in-a-roth-ira-into-5-000-000-000-11624551401

    --
    Rich

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to RichD on Sat Jul 29 11:28:38 2023
    On Saturday, July 29, 2023 at 10:58:42 AM UTC-7, RichD wrote:
    On July 28, jack roth wrote:
    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    This is complete bullshit lie. You can't transfer stock or options into a roth ira.
    Once you contribute realized gains(after tax money) into your Roth Ira, which
    btw, is very limited...even today only $6500/yr for most people, you can then trade options.
    Neither bullshit nor lie. Though a factual error - it was Paypal stock,
    not Fazebook.

    Read it and weep, nitwit - https://www.marketwatch.com/story/how-peter-thiel-turned-2-000-in-a-roth-ira-into-5-000-000-000-11624551401

    Rich, you don't know how to even read you ignorant dumbass. No where does that article says he moved exerciseed stock options into a Roth account. He's welcome to sell and pay taxes on those exercised options and then move a limited amount of cash
    into a Roth IRA. Then, $2000, now like $6500. But, those are aftertax dollars you fucking retard. So, Rich, go shove your article up your ass because all that article does is support what I've been saying you ignorant dumb fucking moron.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From C Mayhem@21:1/5 to RichD on Sun Jul 30 05:46:18 2023
    On Thursday, July 27, 2023 at 3:20:18 PM UTC-5, RichD wrote:
    On July 22, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support.
    All rich divorced dad's with kids should move to Texas
    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    --
    Rich
    A 5 billion dollar permanently tax free piggy bank for a dude who whines about paying taxes. He's living his best life. Obviously what the Roth was designed for.

    C

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From RichD@21:1/5 to jack roth on Mon Jul 31 09:24:55 2023
    On July 29, jack roth wrote:
    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    This is complete bullshit lie. You can't transfer stock or options into a roth ira.
    Once you contribute realized gains(after tax money) into your Roth Ira, which
    btw, is very limited...even today only $6500/yr for most people, you can then trade options.

    Though a factual error - it was Paypal stock, not Fazebook.
    Read it and weep, nitwit -
    https://www.marketwatch.com/story/how-peter-thiel-turned-2-000-in-a-roth-ira-into-5-000-000-000-11624551401

    Rich, you don't know how to even read you ignorant dumbass. No where does that
    article says he moved exerciseed stock options into a Roth account. He's welcome
    to sell and pay taxes on those exercised options and then move a limited amount
    of cash into a Roth IRA. Then, $2000, now like $6500. But, those are aftertax dollars

    goddam, ur an illiterate innumerate bastard. I'll read it for you:

    He paid capital gain tax on any immediate profit of that initial
    transaction. Like, he paid $1700, (1.7 million shares) worth
    maybe $5000 at that time.

    Then THOSE SHARES went into the Roth. It sits there. When he
    cashes out, $5 billion, it's tax free.

    He can trade within that account, as long as all purchases are
    from the account, and sales proceeds go into the account.
    That's really how it grew - his initial seed into Fazebook came from
    there, and his gains on those shares will be tax free.

    Got it now, monkey brain?

    --
    Rich

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to RichD on Mon Jul 31 10:36:39 2023
    On Monday, July 31, 2023 at 9:24:59 AM UTC-7, RichD wrote:
    On July 29, jack roth wrote:
    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    This is complete bullshit lie. You can't transfer stock or options into a roth ira.
    Once you contribute realized gains(after tax money) into your Roth Ira, which
    btw, is very limited...even today only $6500/yr for most people, you can then trade options.

    Though a factual error - it was Paypal stock, not Fazebook.
    Read it and weep, nitwit -
    https://www.marketwatch.com/story/how-peter-thiel-turned-2-000-in-a-roth-ira-into-5-000-000-000-11624551401

    Rich, you don't know how to even read you ignorant dumbass. No where does that
    article says he moved exerciseed stock options into a Roth account. He's welcome
    to sell and pay taxes on those exercised options and then move a limited amount
    of cash into a Roth IRA. Then, $2000, now like $6500. But, those are aftertax dollars
    goddam, ur an illiterate innumerate bastard. I'll read it for you:

    He paid capital gain tax on any immediate profit of that initial transaction. Like, he paid $1700, (1.7 million shares) worth
    maybe $5000 at that time.

    Then THOSE SHARES went into the Roth. It sits there. When he
    cashes out, $5 billion, it's tax free.

    He can trade within that account, as long as all purchases are
    from the account, and sales proceeds go into the account.
    That's really how it grew - his initial seed into Fazebook came from
    there, and his gains on those shares will be tax free.

    Got it now, monkey brain?

    --
    Rich

    God damn you are stupid. Do you NOT know how Roth IRA works? Now, he could have sold shares...paid tax...put that after tax money into his Roth IRA and then purchases 1.7Million shares of the stock...but he sure as fuck didn't transfer shares, you
    ignorant fuck. I REPEAT you dumbass ignorant fuck. You can ONLY PUT CASH INTO A ROTH IRA.....THEN you buy stock with that after tax cash you fucktard. God damn you idiot.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From da pickle@21:1/5 to jack roth on Mon Jul 31 14:28:17 2023
    On 7/31/2023 12:36 PM, jack roth wrote:
    On Monday, July 31, 2023 at 9:24:59 AM UTC-7, RichD wrote:
    On July 29, jack roth wrote:
    Better move: Peter Thiel exercised his Facebook stock options long >>>>>> ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

    This is complete bullshit lie. You can't transfer stock or options into a roth ira.
    Once you contribute realized gains(after tax money) into your Roth Ira, which
    btw, is very limited...even today only $6500/yr for most people, you can then trade options.

    Though a factual error - it was Paypal stock, not Fazebook.
    Read it and weep, nitwit -
    https://www.marketwatch.com/story/how-peter-thiel-turned-2-000-in-a-roth-ira-into-5-000-000-000-11624551401

    Rich, you don't know how to even read you ignorant dumbass. No where does that
    article says he moved exerciseed stock options into a Roth account. He's welcome
    to sell and pay taxes on those exercised options and then move a limited amount
    of cash into a Roth IRA. Then, $2000, now like $6500. But, those are aftertax dollars
    goddam, ur an illiterate innumerate bastard. I'll read it for you:

    He paid capital gain tax on any immediate profit of that initial
    transaction. Like, he paid $1700, (1.7 million shares) worth
    maybe $5000 at that time.

    Then THOSE SHARES went into the Roth. It sits there. When he
    cashes out, $5 billion, it's tax free.

    He can trade within that account, as long as all purchases are
    from the account, and sales proceeds go into the account.
    That's really how it grew - his initial seed into Fazebook came from
    there, and his gains on those shares will be tax free.

    Got it now, monkey brain?

    --
    Rich

    God damn you are stupid. Do you NOT know how Roth IRA works? Now, he could have sold shares...paid tax...put that after tax money into his Roth IRA and then purchases 1.7Million shares of the stock...but he sure as fuck didn't transfer shares, you
    ignorant fuck. I REPEAT you dumbass ignorant fuck. You can ONLY PUT CASH INTO A ROTH IRA.....THEN you buy stock with that after tax cash you fucktard. God damn you idiot.

    He just does not "get it" ... you put money in the Roth IRA (a little
    each year) and you can BUY stock with that money and keep it in the Roth
    IRA, but you do not transfer stock into an Roth IRA that you bought
    outside the Roth IRA. If he had cash in his Roth IRA and made a great investment in stock, he is OK.



    --
    This email has been checked for viruses by AVG antivirus software.
    www.avg.com

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From RichD@21:1/5 to da pickle on Mon Jul 31 13:49:55 2023
    On July 31, da pickle wrote:
    it was Paypal stock, not Fazebook.
    Read it and weep, nitwit -
    https://www.marketwatch.com/story/how-peter-thiel-turned-2-000-in-a-roth-ira-into-5-000-000-000-11624551401

    goddam, ur an illiterate innumerate bastard. I'll read it for you:
    He paid capital gain tax on any immediate profit of that initial
    transaction. Like, he paid $1700, (1.7 million shares) worth
    maybe $5000 at that time.
    Then THOSE SHARES went into the Roth. It sits there. When he
    cashes out, $5 billion, it's tax free.
    He can trade within that account, as long as all purchases are
    from the account, and sales proceeds go into the account.
    That's really how it grew - his initial seed into Fazebook came from
    there, and his gains on those shares will be tax free.

    God damn you are stupid. Do you NOT know how Roth IRA works? Now, he could have sold shares...paid tax...put that after tax money into his Roth IRA and then purchases 1.7Million shares of the stock...but he sure as fuck didn't transfer shares, you
    ignorant fuck. I REPEAT you dumbass ignorant fuck. You can ONLY PUT CASH INTO A ROTH IRA.....THEN you buy stock with that after tax cash you fucktard.

    He just does not "get it" ... you put money in the Roth IRA (a little
    each year) and you can BUY stock with that money and keep it in the Roth IRA, but you do not transfer stock into an Roth IRA that you bought
    outside the Roth IRA. If he had cash in his Roth IRA and made a great investment in stock, he is OK.

    uhhhhh, that's what I said:
    He bought PayPal stock, $1700, in his Roth account. Later, in 2005,
    he sold $500,000 of that stock, put that money into Fazebook,
    purchasing Fazebook stock at a penny a share, from his
    Roth account. Now worth $5 billion.

    Fazebook used it for operations, their profits will go to shareholders.

    Let me guess - both of you took the SAT, and your combined
    reading comprehension score was under 300.

    --
    Rich

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  • From jack roth@21:1/5 to RichD on Mon Jul 31 14:40:51 2023
    On Monday, July 31, 2023 at 1:49:59 PM UTC-7, RichD wrote:
    On July 31, da pickle wrote:
    it was Paypal stock, not Fazebook.
    Read it and weep, nitwit -
    https://www.marketwatch.com/story/how-peter-thiel-turned-2-000-in-a-roth-ira-into-5-000-000-000-11624551401

    goddam, ur an illiterate innumerate bastard. I'll read it for you:
    He paid capital gain tax on any immediate profit of that initial
    transaction. Like, he paid $1700, (1.7 million shares) worth
    maybe $5000 at that time.
    Then THOSE SHARES went into the Roth. It sits there. When he
    cashes out, $5 billion, it's tax free.
    He can trade within that account, as long as all purchases are
    from the account, and sales proceeds go into the account.
    That's really how it grew - his initial seed into Fazebook came from
    there, and his gains on those shares will be tax free.

    God damn you are stupid. Do you NOT know how Roth IRA works? Now, he could have sold shares...paid tax...put that after tax money into his Roth IRA and then purchases 1.7Million shares of the stock...but he sure as fuck didn't transfer shares, you
    ignorant fuck. I REPEAT you dumbass ignorant fuck. You can ONLY PUT CASH INTO A ROTH IRA.....THEN you buy stock with that after tax cash you fucktard.

    He just does not "get it" ... you put money in the Roth IRA (a little
    each year) and you can BUY stock with that money and keep it in the Roth IRA, but you do not transfer stock into an Roth IRA that you bought outside the Roth IRA. If he had cash in his Roth IRA and made a great investment in stock, he is OK.
    uhhhhh, that's what I said:
    He bought PayPal stock, $1700, in his Roth account. Later, in 2005,
    he sold $500,000 of that stock, put that money into Fazebook,
    purchasing Fazebook stock at a penny a share, from his
    Roth account. Now worth $5 billion.

    Fazebook used it for operations, their profits will go to shareholders.

    Let me guess - both of you took the SAT, and your combined
    reading comprehension score was under 300.

    --
    Rich

    Rich, you dumb ignorant lying cunt of a human being, that is NOT what you said: RichD's profile photo
    RichD
    Jul 27, 2023, 1:20:18 PM (4 days ago)
    to
    On July 22, jack roth wrote:
    Great move to Texas for Elon where they have a Max Child support.
    All rich divorced dad's with kids should move to Texas


    Better move: Peter Thiel exercised his Facebook stock options long
    ago, then moved them into a Roth account. When he cashes them,
    after 1000x bump, it's tax free -

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