Laura Nelson
speaker
47 appearances
1 recordings
1 series
first heard Jul 2026
last heard 12 Jul
Laura Nelson’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
And income is not always a great way to try to extract more revenue from the wealthy because there are a number of ultra wealthy and high net worth residents of the US who don't pay that much in income taxes.
And that's partly because of this structure called buy, borrow, die.
It's a tax strategy that allows the wealthy to buy assets and borrow against them.
to get cash to live on instead of selling those assets and incurring capital gains or other taxes at the time of sale.
This is a structure that allows very wealthy people to both get cash to live on and allow their assets to accrue value over time without really having to have a tax bill come due.
And there are now growing discussions, including with Governor Newsom and others, about how you might go about closing loopholes like that in the federal tax code.
That's not something that you would be able to address at the state level.
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