US Top News and Analysis | Jeff Bezos says there is ‘no truth’ to the ‘buy borrow die’ tax strategy

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In an interview with CNBC’s Andrew Ross Sorkin, Amazon founder Jeff Bezos dismissed the widely‑discussed “buy, borrow, die” tax strategy as a myth, saying he doesn’t know where the idea comes from. The strategy, which allegedly lets the ultra‑wealthy borrow against appreciated assets to avoid taxable income and then erase capital gains at death, has been linked to figures such as Oracle co‑founder Larry Ellison and Tesla CEO Elon Musk. Bezos, whose net worth is around $269 billion, said he pays taxes on Amazon stock he sells and would back reforms if the loophole existed, but warned that fixing it would not solve larger problems of government spending, inequality, and support for lower‑income workers.

Read more: https://www.cnbc.com/2026/05/20/jeff-bezos-taxes.html

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