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RE: How to grow your crypto investment completely tax free (US residents)
Not to mention there are contribution limits on IRA's as well as income related contribution limits that are specific to Roth IRAs as well as a penalty tax for excess contributions that remain in the IRA accounts. I'm pretty sure the wealthy don't benefit from Roth IRA due to income limitation.
Edit: I believe 39.6% bracket = 20% cap gains.
What is making me cringe is the example of making $10k contributions to an IRA is in excess of the statutory annual limit for an account. Beware of 6% penalty people....
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits
To get around this, it is better to set up a Solo 40o1k with checkbook control. You have much greater depository limits (above $50k+) while enjoying many of the same benefits. The only caveat is that you have to be self-employed in some way... you must file a Schedule C showing income. So do something you might enjoy like start an Uber business or something that will send you a 1099. You can deposit the amount you claim on Schedule C income.