Jeff Bezos says there is ‘no truth’ to the ‘buy borrow die’ tax strategy
Jeff Bezos has dismissed the 'buy, borrow, die' tax strategy as a myth during an interview with CNBC. He stated that he pays taxes on the Amazon stock he sells and expressed skepticism about the existence of such a loophole. While he is open to tax reforms targeting this practice, he emphasized that addressing it alone won't resolve broader economic issues.
- ▪Jeff Bezos called the 'buy, borrow, die' tax strategy a myth during a CNBC interview.
- ▪He stated that he pays taxes on the Amazon stock he sells to fund his ventures.
- ▪Bezos expressed skepticism about the existence of the loophole but is open to reforms targeting it.
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| Original publisher | US Top News and Analysis |
| Canonical URL | https://www.cnbc.com/2026/05/20/jeff-bezos-taxes.html |
| Publication time | Wed, 20 May 2026 14:56:24 GMT |
| Retrieval time | 2026-05-20T15:10:02.612Z |
| Last seen | 2026-05-20T15:16:44.675Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | Tx0bb6Mi7E4M |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
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Opening excerpt (first ~120 words) tap to expand
Amazon executive chairman Jeff Bezos said a controversial tax strategy used by the wealthy to borrow against assets to lower their income taxes is largely a "myth.""There's no truth to this 'buy, borrow, die' thing," Bezos told CNBC's Andrew Ross Sorkin Wednesday in a wide-ranging interview. "I don't even know where this comes from."The "buy, borrow, die" strategy refers to the practice of wealthy founders or investors borrowing against their assets and using the loan proceeds as income. Since the loan isn't considered taxable income, their income stream avoids tax.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at US Top News and Analysis.
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