June 5, 2023

AndronETalksNews

AndronETalksNews

The billionaire founder of Roblox reportedly used a tax break for small businesses to avoid paying millions to the IRS

Business Insider

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The billionaire founder of Roblox used a tax break designed for small businesses to avoid paying millions of dollars in taxes, the New York Times reported Wednesday. 

According to the article, CEO David Baszucki — along with his wife, children, and in-laws — used the Qualified Small Business Stock tax break at least a dozen times over the years. The rule allows startup investors to dodge paying taxes on at least $10 million in profits.

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