How the Rich Avoid Taxes
Investments build wealth but taxes on capital gains can take a big bite out of your earnings. Following a buy, borrow, die strategy is one way to minimize your tax liability and preserve more of your wealth. Developed by Professor Edward J. McCaffery in the 1990s, “buy, borrow, die” explains how people get rich and stay that way. Nearly 30 years later, the term has resurfaced amid discussions of tax inequality and what regular people can do to reduce their tax burden.
A financial advisor can help you develop an investment and tax strategy that meets your long-term goals.
What Is Buy, Borrow, Die?
Buy, borrow, die is a concept that attempts to explain how wealthier people can hold on to their wealth by minimizing what they pay in…
