Skip to comments.
Buffett the Benefactor ( Avoids Death Taxes )
The New York Sun ^
| Jun 26, 2006
| Editorial & Opinion
Posted on 06/26/2006 3:53:23 PM PDT by george76
Mr.Buffett. As an avowed supporter of the estate tax, Mr. Buffett could have let the government take its share of his estate after he dies.
But just as Mr. Buffett has accumulated his vast wealth without paying much personal income tax, he has found a way to avoid the tax man in this maneuver as well, even writing in his letter to Bill and Melinda Gates that a condition of the gift is that the foundation must continue to satisfy legal requirements qualifying my gifts as charitable and not subject to gift or other taxes.
On the estate tax, watch what Mr. Buffett does, not what he says.
(Excerpt) Read more at daily.nysun.com ...
TOPICS: Editorial; Front Page News; Government; News/Current Events
KEYWORDS: abortion; abortionrights; billgates; billionaires; buffett; deathtax; estatetax; foundation; gates; gatesfoundation; geico; incometaxes; prochoice; reproductivehealth; tax; taxes; taxman; wealth
Navigation: use the links below to view more comments.
first previous 1-20 ... 161-180, 181-200, 201-220, 221-228 next last
To: dixiechick2000
Ch-ching!
Say, is Daunte going to be ready this year?
To: IslandJeff
LOL!
I have no idea. ;o)
My reference was to the former owner of the Dolphins
who had to sell the team to pay their estate taxes.
I can't recall the name right now.
182
posted on
06/27/2006 12:49:18 AM PDT
by
dixiechick2000
(There ought to be one day-- just one-- when there is open season on senators. ~~ Will Rogers)
To: dixiechick2000
Huizenga. Have a great summer down "deh"!
-Jeff
To: dixiechick2000; IslandJeff
My reference was to the former owner of the Dolphins who had to sell the team to pay their estate taxes. That would be the family of Joe Robbie. The stadium (Joe Robbie stadium) was also sold to pay for the estate.
184
posted on
06/27/2006 12:52:09 AM PDT
by
BigSkyFreeper
(There is no alternative to the GOP except varying degrees of insanity.)
To: IslandJeff
HA!
I'm in Oregon.
It was 104 degrees today.
How crazy is that? ;o)
Nite!
185
posted on
06/27/2006 12:52:52 AM PDT
by
dixiechick2000
(There ought to be one day-- just one-- when there is open season on senators. ~~ Will Rogers)
To: BigSkyFreeper
Yes!
Thank you!
I couldn't remember the name.
I'm up way past my bedtime.
It's too hot to sleep.
186
posted on
06/27/2006 12:54:48 AM PDT
by
dixiechick2000
(There ought to be one day-- just one-- when there is open season on senators. ~~ Will Rogers)
To: dixiechick2000
I ain't far from you (Seattle) - it's oppressively-hot here today (even now, where my thermostat reads 88).
Of course, we all whine when it gets over 80 and stay home when it snows an inch.
To: onyx; LM_Guy
Think about this: If the Walton family had to pay estate taxes when Sam Walton died and their family fortune was worth $25 billion at the time of his death, then according to estate tax tables their tax liability would have been about $12 billion. Since the majority of the family net worth was Walmart stock, that means they would have to sell hundreds of millions of shares of stock just to pay a tax liability.
How would that be good for the markets?? It certainly would'nt be good for a Walmart shareholder, which btw number in the millions.
The bottom line is that transfering wealth from private citizens to the US government is just about always a bad idea.
188
posted on
06/27/2006 12:57:04 AM PDT
by
BigSkyFreeper
(There is no alternative to the GOP except varying degrees of insanity.)
To: IslandJeff
LOL!
I don't mind the heat, except when I need to sleep.
But, it's been oppressive the last couple of days.
The South doesn't have anything on this place, heat-wise.
189
posted on
06/27/2006 12:58:00 AM PDT
by
dixiechick2000
(There ought to be one day-- just one-- when there is open season on senators. ~~ Will Rogers)
To: BigSkyFreeper
That is an excellent point!
Ole Sam would be turning over in his grave.
190
posted on
06/27/2006 12:59:29 AM PDT
by
dixiechick2000
(There ought to be one day-- just one-- when there is open season on senators. ~~ Will Rogers)
To: dixiechick2000
Ole Sam would be turning over in his grave.Yeah. While his family gets punished for his success in life. Started out as a bag boy at a local grocery store, moved up to working for K-Mart, left and started Wal-Mart.... and the rest , they say, is history.
191
posted on
06/27/2006 1:03:16 AM PDT
by
BigSkyFreeper
(There is no alternative to the GOP except varying degrees of insanity.)
To: dixiechick2000
Because it's a "wet heat", and even locals can't deal with it.
Sleep naked. Really. Just one blanket. You'll be wanting a full breakfast.
To: IslandJeff; dixiechick2000
Sleep naked. Really. Just one blanket. You'll be wanting a full breakfast.Or do what I do. Sleep in a bed in basement of your house if you have one. LOL
193
posted on
06/27/2006 1:11:31 AM PDT
by
BigSkyFreeper
(There is no alternative to the GOP except varying degrees of insanity.)
To: BigSkyFreeper
That actually works, too. Just don't burn a propane lantern for reading without ventilation.
I'm off to somnolence myself. Great thread, and thanks again.
To: IslandJeff
Just don't burn a propane lantern for reading without ventilation. Yep! No problem there. I have a makeshift bedside table with a small reading lamp and an "el cheapo" alarm clock/radio right beside the lamp. It's a double twin bed, but I ain't complainin'. LOL
195
posted on
06/27/2006 1:20:22 AM PDT
by
BigSkyFreeper
(There is no alternative to the GOP except varying degrees of insanity.)
To: LM_Guy
His investment style made him one of the riches men in America....
Buffett was a disciple of Ben Graham. He's never made it a secret. Graham was even one of his profs at Columbia. There's a bunch of books out by and about Graham. Basically how to determine the value of a company in relation to the stock price. They lay out the rules - follow the rules and get rich.
Personally speaking, I prefer the more colorful investors. Though Graham did dump his wife for the maid, which counts for something, I suppose.
196
posted on
06/27/2006 2:00:27 AM PDT
by
durasell
(!)
To: george76
197
posted on
06/27/2006 2:14:04 AM PDT
by
spetznaz
(Nuclear-tipped Ballistic Missiles: The Ultimate Phallic Symbol)
To: D_Idaho
It is. It's not like Bill's going to keep the money for himself.
To: Unam Sanctam
Reproductive "health", yes. Abortion, no, as far as I'm aware. Definitely contraception.
To: BigSkyFreeper
If the Walton family had to pay estate taxes when Sam Walton died and their family fortune was worth $25 billion at the time of his death, then according to estate tax tables their tax liability would have been about $12 billion. Sam Walton died in 1991 or 1992, when was the estate tax implemented?
200
posted on
06/27/2006 6:14:00 AM PDT
by
LWalk18
Navigation: use the links below to view more comments.
first previous 1-20 ... 161-180, 181-200, 201-220, 221-228 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson