Hi, I'm Eric.
I’m an avid world traveler, photographer, software developer, and digital storyteller.
I help implement the Content Authenticity Initiative at Adobe.
Hi, I'm Eric.
I’m an avid world traveler, photographer, software developer, and digital storyteller.
I help implement the Content Authenticity Initiative at Adobe.
Found on 14 January 2024 via Mastodon 548
via Andrew Lokenauth (@FluentInFinance@mastodon.social): The wealthy avoid taxes using the “Buy-Borrow-Die” strategy:
Andrew Lokenauth walks through the “Buy-Borrow-Die” strategy: the wealthy hold appreciating assets, borrow against them at low rates instead of selling (avoiding capital gains), and pass the assets on with a stepped-up basis so the gains are never taxed. A concise explanation of a tax loophole that’s hiding in plain sight.
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