Buy, Borrow, Die: How Wealthy Americans Reduce Taxes
ProPublica · Explainer · 2 min · 2021 · YouTube title: Buy, Borrow, Die: How America's Ultrawealthy Stay That Way
Why it's here
Shared as a clearer explanation of the tax loophole than the accompanying article.
What it covers
A short ProPublica video explaining the "Buy, Borrow, Die" strategy wealthy Americans use to cut taxes. They borrow against appreciating assets instead of selling, and the gains are never taxed at death.