Yhn BusinessFinance first seen 3 d ago, last 37 min ago, peak #2
The 'Buy, Borrow and Die' Wealth Strategy Becomes a $5 Trillion Market
Original: The 'Buy, Borrow and Die' Wealth Strategy Has Become a $5T Market
A Wall Street Journal report examines how the 'buy, borrow, die' strategy, in which wealthy Americans hold onto appreciated assets, borrow against them to avoid capital gains taxes, and pass them on with a stepped-up cost basis, has grown into an estimated $5 trillion lending market. The scale of securities-backed lending to the rich is fueling debate over tax loopholes and whether the strategy undermines the estate and capital gains tax systems.
Why now: The report quantifies the massive scale of a tax-avoidance strategy long criticized as exploiting loopholes available only to the wealthy, reigniting debate over tax fairness.
Wall Street Journalwealthy asset holdersUS tax systemprivate bankssecurities-backed lending market
Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 37 min ago.
Evidence
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