How Billionaires Pay Less in Taxes than You
- Episode aired Jul 18, 2021
- 13m
Buy, borrow, die. That is how billionaires maintain there lavish lifestyle without paying taxes. After amassing their huge assets; instead of drawing income in the form of a salary of capita... Read allBuy, borrow, die. That is how billionaires maintain there lavish lifestyle without paying taxes. After amassing their huge assets; instead of drawing income in the form of a salary of capital gains they borrow money from a bank. The borrowed money funds their lifestyle and the in... Read allBuy, borrow, die. That is how billionaires maintain there lavish lifestyle without paying taxes. After amassing their huge assets; instead of drawing income in the form of a salary of capital gains they borrow money from a bank. The borrowed money funds their lifestyle and the interest rate they pay on the loan is a much lower than their tax rate.