Yhn BusinessFinance first seen 6 d ago, last 1 h ago, peak #2

The 'Buy, Borrow and Die' Strategy Is Now a $5 Trillion Market

Original: The 'Buy, Borrow and Die' Wealth Strategy Has Become a $5T Market

The Wall Street Journal reports that the 'buy, borrow and die' wealth strategy—where the wealthy avoid taxes by borrowing against appreciated assets rather than selling—has grown into an estimated $5 trillion market. Wealth advisers and private banks increasingly offer securities-backed lending, letting clients access cash without triggering capital gains taxes, and assets pass to heirs with a stepped-up cost basis. Critics call it a tax loophole that lets the richest Americans sidestep billions in taxes.

Why now: The Wall Street Journal's new reporting on the scale of tax-avoidance lending among the wealthy has reignited debate over US capital gains and estate tax policy.

Wall Street JournalUS wealthy individualsprivate banksIRS

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Evidence

• The 'Buy, Borrow and Die' Wealth Strategy Has Become a $5T Market · tysone · 66

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