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ToxMarz

(2,961 posts)

3. It isn't always that simple

Reply to surfered (Reply #1)

Sat Apr 11, 2026, 05:55 PM

17 hrs ago

What the post is referring to is the "Buy, Borrow, Die" Strategy: Instead of selling assets (triggering capital gains) and accumulating cash that would be taxed, they borrow against their fortune to fund their lifestyle and pass the assets to heirs, allowing them to receive a "step-up in basis," eliminating tax on the gains.

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16 members have recommended this reply (displayed in chronological order):

h2ebits FakeNoose AllBlue Americanme BarbD malaise Joinfortmill True Dough Starfury wackadoo wabbit Seinan Sensei SunSeeker Shipwack Lonestarblue raging moderate LovelyStuff

26 replies

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Highlight:

America's downward spiral summed up in a few sentences... [View all] True Dough 19 hrs ago OP

If a U.S. citizens dies in 2026, the fair market value of all assets at the date of death, less liabilities.. surfered 18 hrs ago #1

It isn't always that simple ToxMarz 17 hrs ago #3

You've nailed it FakeNoose 17 hrs ago #4

Exactly and to add FHRRK1 17 hrs ago #8

Then they pass the debt on to the heirs as well surfered 14 hrs ago #18

Yes that's the point, it is cheaper for them to live on borrowed money than pay their fair share of taxes. ToxMarz 13 hrs ago #19

of wealthy PUBLIKKKLAN, by the WEALTHY PUBLIKKKLANS, FOR the wealthy publikklans. pansypoo53219 18 hrs ago #2

Correction. SergeStorms 17 hrs ago #6

Sounds like a great idea LilElf70 17 hrs ago #5

Greed is destroying American society. Aussie105 17 hrs ago #7

One of my aunts used to sum up that attitude as wnylib 16 hrs ago #11

"I'm not greedy..I. just want more than my fair share." BattleRow 16 hrs ago #14

It doesn't have to be that way. Congress could fix all that if we demanded they do it. flashman13 17 hrs ago #9

No they would not Alpeduez21 16 hrs ago #12

I'm not sure how to reply. I guess you are advocating we sit on our ass and do nothing because flashman13 15 hrs ago #17

Congress could fix it if our elected representatives were not beholden to Big Money interests who fund their campaigns. sop 4 hrs ago #22

We need a wealth tax. patphil 16 hrs ago #10

"Outlaw billionaires" Seinan Sensei 9 hrs ago #21

Recommended (#99) H2O Man 16 hrs ago #13

Do they pay back the loans? nt. druidity33 15 hrs ago #15

Kinda, sorta. Close enough. Joinfortmill 15 hrs ago #16

Where do they get the money to make the loan payments? rickford66 9 hrs ago #20

Maybe a dumb question, but: moose65 3 hrs ago #23

Exactly. Richard58 50 min ago #25

So exactly how does the scam work? Lokee11 1 hr ago #24

It's basically borrowing from peter to pay paul. ihaveaquestion 32 min ago #26