How to Minimize Your Tax Bill: 5 Essential Strategies

Tax Avoidance vs. Evasion: Legal Strategies and Key Differences

This is how the rich minimize their taxes: they use the “buy, borrow, die” strategy. Instead of earning a traditional salary, they invest in assets like stocks that grow in value over time. Then, they borrow against those assets to fund their lifestyles—avoiding income taxes since loans aren’t taxable. When they pass away, the assets are inherited with minimal tax. It’s a legal, strategic way the wealthy use the system to their advantage. What are your thoughts?🤔 | Entrepreneurship Facts