[rescue] OT Taxes
kloch at gurunet.net
Tue Apr 20 11:29:21 CDT 2004
Patrick Giagnocavo +1.717.201.3366 wrote:
> On Mon, Apr 19, 2004 at 03:46:38PM -0400, Nick wrote:
>>I'm curious, the same Warren Buffet who recommends against shirking your
>>due tax burden with loopholes, and is Proud that he's paying more in
>>taxes this year than he ever has before? Or someone else who suggests
>>abuseing the law to get your way no matter what?
> The same Warren Buffett who is against the removal of the inheritance
> tax a/k/a death tax; at least in part because his insurance companies
> mmake $millions from the resulting need for a certain kind of
> insurance that small business owners buy, so that the business will
> not be immediately liquidated in order to pay taxes when they die.
> When he makes his tax returns publicly available, I will believe him,
Both of you missed my point. This is the Warren Buffet who is sitting
on $40 Billion of as-yet untaxed capital gains and gives almost nothing
to charity. He does this with the knowledge that there will be so much
more to tax and give away when he is done managing it.
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