@casper.capital: How the Rich Avoid Paying Taxes ⤵️
 1️⃣ Buy Assets
• Examples: Watches, stocks, real estate, or businesses
• Purpose: These assets appreciate (go up) in value over time
• Details: The wealthy focus on building assets instead of cash because assets can grow tax-deferred
 2️⃣ Borrow Against Them
• Strategy: Take out loans using assets as collateral
• Why: Selling assets triggers taxes, but borrowing does not
• Details: Cash borrowed from loans is tax-free since no sale occurs
 3️⃣ Let Assets Keep Growing
• Assets continue to appreciate (go up) while the loan is being used
• The interest paid on the loan is often less than the asset’s growth
• Details: This allows the rich to live off borrowed money while getting wealthier
 4️⃣ Die and Pass It On
• When they die, their assets transfer to their heirs
• The heirs receive a “step-up basis” meaning the asset’s value resets to its market price
• Result: No capital gains taxes owed by the heirs
 This entire cycle is known as the Buy, Borrow, Die strategy.

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Saturday 25 October 2025 00:32:21 GMT