Senate Finance Committee Chairman Ron Wyden (D-OR) “is considering reviving a proposal that would limit how much wealthy individuals can shield retirement savings from taxes, after a ProPublica report that Peter Thiel had amassed $5 billion in a tax-free account,” Bloomberg reports.
“Wyden, the Democrat who controls the Senate’s tax agenda, said he would revisit his 2016 proposal that would prevent people from contributing to Roth individual retirement accounts once they’ve reached $5 million in value.”
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