McCaffery Breaks Down How The Rich Avoid Taxes
He says they use three steps:
1. Buy - assets that rapidly appreciate in value, like real estate
2. Borrow - using those assets as collateral, preserving the value of the underlying assets instead of selling off investments for cash and incurring capital gains tax, and and the loan proceeds are not counted as taxable income.
3. Die - and your inheritors can use the increased value of the assets to keep doing pts 1-3.
https://finance.yahoo.com/news/buy-borrow-die-rich-avoid-140004536.html?guccounter=1
Luv Mehta /
npub1ra…w9rls
2024-10-16 11:57:29
Author Public Key
npub1radzmwldpqj5lrakdld5yw2yptyrnnfs7xflrsqgj54kn4qq66zsnw9rlsPublished at
2024-10-16 11:57:29Event JSON
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