WSJ: The Tax That Won't Die
- Thread starter Tom B
- Start date
I am not attacking you. I am attacking your ignorance. The point is Buffett's money goes back to society, in this case a major charitable organization. That is in keeping with his societal view if you took the time to read it. There is no hypocrisy here and you would realize this fact if you took the time to think it through. If you wish to have less taxes levied against your estate, then you can do the same as Buffett did. Your options will be no different.
P.S. Calling Warren Buffett a hypocrite makes you the troll.
Under the Fair Tax, there would be no death tax, no income tax, and no corporate tax. (By the way, not one profitable company has ever paid one penny in taxes. Companies don't pay taxes, people do. (Whether they realize it or not.)
www.fairtax.org
www.fairtax.org
All Americans are double taxed. You pay sales tax with after tax income. Thats double taxation.
If we are going to eliminate double taxation, lets start by eliminating the sales tax - something that would benefit everyone, not just a tiny segment of unearned multimillionaires in waiting.
If we are going to eliminate double taxation, lets start by eliminating the sales tax - something that would benefit everyone, not just a tiny segment of unearned multimillionaires in waiting.
I believe giving to a charity is noble. Buffet is choosing that a charity and not government is the best use for his estate wealth.
Yet at the same time he wants government to take more estate taxes for people who have less options then Buffett.
There are many family business's that would have to break up to pay estate taxes. Buffett is unique because he never produced anything. he was able to exit any business he bought at anytime. Small family business cannot do that.