The Billionaire Tax Trick
Here is the twist behind the buy, borrow, die strategy: a very wealthy person can grow a huge fortune without selling the assets that would trigger tax. That means their wealth rises, but their tax bill can stay surprisingly low.Buy, Borrow, Die Billionaire Tax Strategy
Buy, Then Borrow
First, the person buys or earns assets like stocks and real estate and chooses not to sell them. Then they use those assets as collateral to borrow cash for spending, and loans are not taxed as income.Buy, Borrow, Die Billionaire Tax Strategy
