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Have you heard of the buy, borrow & die strategy? Basically once you are rich enough, you can live off of loans collateralized by your property/stocks and then

Have you heard of the buy, borrow & die strategy? Basically once you are rich enough, you can live off of loans collateralized by your property/stocks and then after you die the cost basis gets stepped up to market value thereby avoiding capital gains taxes for your descendants.

lazide 3y ago
Last I heard, Elon ended up paying one of the largest tax bills of a private individual - ever. It works until it doesn’t.