Jeff Bezos says there is ‘no truth’ to the ‘buy borrow die’ tax strategy

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. …