HackerTube / Video
Buy, Borrow, Die: How America's Ultrawealthy Stay That Way
ProPublica
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.
Shared as a clearer explanation of the tax loophole than the accompanying article.
5 Hacker News mentions · 2021–2022