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[QUOTE="KJ, post: 127936, member: 1"] [URL unfurl="true"]https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax[/URL] [MEDIA=youtube]8pBPZMUcsh0[/MEDIA] [LIST] [*]Avoid paying tax on capital gains with the "buy, borrow, die" technique: [LIST] [*]Buy or earn capital assets like stocks and real estate, and then never sell because assets do not count as income until sold. [*]Using capital assets as collateral to borrow spending money at interest rates considerably lower than the tax rate; loans are not taxed as income. [*]Holding capital assets until after death, when a "step-up in basis" zeroes out the accumulated gains and allows heirs to not pay any capital gains tax. [/LIST] [/LIST] [/QUOTE]

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Buy, Borrow, Die - How to Avoid Capital Gains Tax