Strategic Debt for Tax Efficiency

Debt is not a liability — it is a strategic instrument for accessing capital without triggering taxes. Professor Jack Ledger explains how sophisticated families borrow against portfolios, real estate, and businesses to fund acquisitions, lifestyle, and growth without selling appreciated assets and recognizing taxable gains. This episode covers investment interest deductibility, the Section 163(j) business interest limitation, and the risk management disciplines that make leverage a tool rather than a threat.