Jeff Bezos Dismisses 'Buy Borrow Die' Tax Strategy as a Myth
Amazon executive chairman Jeff Bezos dismissed the so-called 'buy, borrow, die' tax strategy used by some wealthy individuals as largely a myth. The practice involves borrowing against assets to avoid income taxes and leveraging step-up in basis provisions at death to evade capital gains taxes.
Topics: buy borrow die myth Jeff Bezos interview tax strategy wealth taxation