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Buy, Borrow, Die: How America's Ultrawealthy Stay That Way

ProPublica · explainer · Watch on YouTube

Labor, work & inequalityInvesting & personal finance

What it is

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.

Why Hacker News recommends it

Shared as a clearer explanation of the tax loophole than the accompanying article.

  • 1 people recommended it
  • 1 different months
  • 0 strong recommendations
  • first 2021, last 2022

What HN commenters said

  1. “This video does a better job at explaining the tax loophole”

    Clearer explanation of the tax loophole than the article

    29athrowaway, 2021-06 · Recommendation · in “IRS records reveal how the wealthiest avoid income tax”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: buy borrow die, tax loophole, propublica, income tax, wealth inequality

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