Why did ProPublica omit exactly when the funding round for additional millions was in tweet 10 and 11?
> 10/ So.
>Right pointing backhand index IRS records show that in 1999 Thiel purchased 1.7 million shares of his startup, which would soon become PayPal, for just $1,700 — a tenth of a penny per share.
> 11/ Even though Thiel's startup received millions in funding within months, Pensco still told the IRS these founders' shares were worth less than $1,700 at the end of 1999.
>See where this is going?
The only reason I can think of is ProPublica intended to suggest Thiel committed fraud by misstating the company’s valuation in 1999, but ProPublica wants to maintain plausible deniability because the funding round did not happen in 1999.
It is great that ProPublica is pointing out how tax deductions/exemptions/credits allow for loopholes to exist, but I do not see a reason for them go after specific people for using them.
