👉 Learn more a Portfolio Line of Credit: https://teachingmillionaires.com/recommends/m1-finance
The ultra-wealthy like Jeff Bezos and Elon Musk pay significantly less in taxes than everyday Americans – and it's completely legal. In this video, I break down the "Buy, Borrow, Die" strategy that allows billionaires to enjoy a 3% tax rate while restaurant owners write $90,000 checks to the IRS.
Learn how regular people can start implementing this strategy:
✅ Buy assets that appreciate in value
✅ Borrow against those assets (tax-free!)
✅ Pass them to heirs with zero capital gains tax
I'll show you real examples of how everyday investors are using securities-backed lines of credit and portfolio loans to access cash without triggering taxable events.
📖 Chapters
00:00 – How Bezos paid $0 in taxes
00:34 – The $90K tax burden reality
01:41 – The 3% vs 35% tax rate gap
02:43 – Buy, Borrow, Die strategy explained
03:46 – Real estate example: building wealth tax-free
04:45 – How regular people use this strategy
06:13 – The inheritance loophole: step-up basis
07:39 – Three rules for implementing safely
#TaxStrategy #WealthBuilding #BuyBorrowDie #TaxOptimization
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👥 About Rich Smith:
Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.
📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.