Ultra-wealthy use Buy Borrow Die strategy to avoid capital gains tax
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最新报道：Ultra-wealthy individuals are increasingly using the "buy, borrow, die" strategy to avoid capital gains taxes, leveraging low-interest loans against their appreciating assets like stocks and real estate. By borrowing instead of selling, they defer taxable events indefinitely, while estate tax loopholes often erase remaining liabilities upon death. Critics argue this exacerbates wealth inequality, as the tactic is inaccessible to average investors. The IRS has struggled to curb the practice, with proposed reforms like taxing unrealized gains facing political opposition. Some experts suggest closing step-up basis loopholes or limiting deductions on investment interest to address the issue.
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