Congress has been having heated debates about taxing the richest people in America. There are currently 700 billionaires who hold over $5 trillion in total assets. Congress is trying to pass the budget reconciliation package that includes social spending bills and other infrastructure proposals. Congress has proposed to tax billionaires' untaxed capital gains because they never sell their assets. Billionaires and millionaires have been using the Buy Borrow Die Strategy so they pay little to no federal income taxes or capital gains taxes. You'll find out in this video how the Buy Borrow Die strategy could work towards your advantage if you are looking to achieve Fat FIRE.
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⏰ Table of Contents ⏰
0:00 Tax The Rich?
1:39 Buy Borrow Die
4:32 Buy
6:31 Borrow
9:30 Die
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