The ultra wealthy avoid having much income by borrowing against their assets instead of selling. So they usually never realize capital gains on most of their as

The ultra wealthy avoid having much income by borrowing against their assets instead of selling. So they usually never realize capital gains on most of their assets all the way until their death. https://www.businessinsider.com/american-billionaires-tax-avoidance-income-wealth-borrow-money-propublica-2021-6 https://www.businessinsider.com/american-billionaires-tax-av...