Palantir Technologies Inc (NYSE: PLTR) and Paypal Holdings Inc (NASDAQ: PYPL) co-founder Peter Thiel could reportedly be forced to withdraw billions from his Roth IRA account should the House pass a piece of tax legislation that has cleared a key Committee. What Happened: Thiel could be forced to withdraw all but $20 million from his Roth IRA after House Democrats revealed a tax package that would force distribution of individual retirement accounts, 401 (k) plans and other retirement nest eggs is above $10 million, CNBC reported.
Palantir, Paypal Co-Founder Peter Thiel's $5B Retirement Piggy Bank Faces Lawmakers' Hammer