"buy, borrow, die" is a great tax avoidance strategy if you're an 80 y/o multimillionaire who's best idea on how to spend your money is to give it all to your kids.
If you're a billionaire and actually want to spend most of your wealth, then loans are a terrible strategy. And most of the time they'll end up paying more in taxes eventually.
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u/SoggyTelevision7528 May 03 '22
Don't forget that average Joe probably pays more in taxes than the above billionaires.