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How the Rich Avoid Taxes (Buy Borrow Die)

In this video, I explain the strategies used by wealthy individuals, to minimise their tax liabilities. Specifically, the following: - 2 commonly used tax strategies (loopholes) that are used to avoid taxes - How assets and income are taxed differently - Capital gains tax vs income tax - Borrowing against assets (securities backed line of credit) - Buy borrow die - Generational wealth - Minimising inheritance tax TIMESTAMPS: 00:00 - Intro 00:21 - Strategy 1 03:24 - Strategy 2 MY FILMING GEAR: Camera - https://amzn.to/3FxPlad Microphone - https://amzn.to/3RP1GOu Tripod - https://amzn.to/3PVWRjR DISCLAIMER: This content, and the ideas presented in it, are for education and entertainment purposes only. Kiran does not provide tax or investment advice. The information presented does not consider the financial circumstances of any investor, and therefore may not be suitable for all investors. Although Kiran is an Accountant, no Accountant-Client relationship is established with the viewer in any way. As an Amazon Associate I earn from qualifying purchases. The product links in the description are affiliate links. This means if you choose to buy something through one of these links, I may receive a commission on the sale, but it makes no difference to you as a buyer.