3 ms·
What income? Buy, Borrow, Die. Most of their income is not traditional income. They live in debt because debt isn't taxable.
by HumblyTossed 3y ago
What income? Buy, Borrow, Die. Most of their income is not traditional income. They live in debt because debt isn't taxable.
- dlubarov 3y agoBuy, borrow die relies on the step-up in basis upon death though; it's a bit of a loophole (albeit with some justifications) which could be closed. I tend to agree that the focus should be on closing loopholes before trying an entirely different tax.