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  • Second Thought How Billionaires Pay Less in Taxes than You
  • TV Episode | 13 min | Documentary
Primary photo for How Billionaires Pay Less in Taxes than You

Second Thought

How Billionaires Pay Less in Taxes than You
TV Episode | 13 min | Documentary
Buy, borrow, die. That is how billionaires maintain there lavish lifestyle without paying taxes. After amassing their huge assets; instead of drawing income in the form of a salary of capital gains they borrow money from a bank. The ...See moreBuy, borrow, die. That is how billionaires maintain there lavish lifestyle without paying taxes. After amassing their huge assets; instead of drawing income in the form of a salary of capital gains they borrow money from a bank. The borrowed money funds their lifestyle and the interest rate they pay on the loan is a much lower than their tax rate. Written by David Foss See less
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Edit Released
Updated Jul 18, 2021
Release date
Jul 18, 2021 (United States)

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2 cast members
Name Known for
J.T. Chapman primary photo
J.T. Chapman
Self - Narrator (voice) Self - Narrator (voice)   See fewer
The New F Word (2021)
Jesse Eisinger primary photo
Jesse Eisinger
Self - Senior Reporter, ProPublica Self - Senior Reporter, ProPublica   See fewer
Succession (2018)
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