Every Tax Loophole Used By Billionaires Explained in 9 Minutes

Transcript

Tax-free borrowing. Here's the move. Instead of selling stocks or real estate to get cash, billionaires borrow against them. Let's say you own a hund00 million in stock. If you sell it, you might owe $20 million in taxes. But if you borrow $50 million from a bank and use that stock as collateral, you get the money and owe zero taxes because borrowi... Read More