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Warren Buffett: Tax inherited estates
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Posted on 11/14/2007 10:48:28 AM PST by Sub-Driver
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To: Sub-Driver
Memo to Warren the estate tax hits a lot of middle class people who, unlike yourself, can’t hide their money away in trusts.
2
posted on
11/14/2007 10:49:50 AM PST
by
tdewey10
(Can we please take out iran's nuclear capability before they start using it?)
To: tdewey10
Dear Warren, it sounds like you are a shill for ADM. Family farms get cut up and sold off to ADM when Pop dies. ADM doesn’t have that problem. Because corporations don’t die.
3
posted on
11/14/2007 10:51:32 AM PST
by
massgopguy
(I owe everything to George Bailey)
To: tdewey10
Roger that. Especially small businesses and farms.
4
posted on
11/14/2007 10:51:54 AM PST
by
Mad_Tom_Rackham
(Elections have consequences.)
To: Sub-Driver
I really don’t get his mindset. Why is he so concerned about taxing everyone else? Why doesn’t he just give his wealth to the government? He is truly an evil man.
To: Sub-Driver
People who believe in private property should support the idea that owners of property can bequeath that property to people.
If Buffett wants to bequeath his property to the US Treasury, he has my blessing. But he should not encourage Congress to take away my private property and redistribute it upon my death.
6
posted on
11/14/2007 10:52:32 AM PST
by
ClearCase_guy
(The broken wall, the burning roof and tower. And Agamemnon dead.)
To: Sub-Driver
"The resources of society I don't think should pass along in terms of an aristocratic dynasty of wealth," Buffett told the panel. "I believe in keeping equality of opportunity as much as you can in this country."
Typical leftist collectivist BS. First off, "the resources of society" are its people, not cash. Second, since when is everyone supposed to start out on a "level playing field" financially??? And if a person's descendants aren't entitled to his wealth, then why the hell should the gov't be?
Commies make my ill.
7
posted on
11/14/2007 10:52:51 AM PST
by
LIConFem
(Thompson 2008. Lifetime ACU Rating: 86 -- Hunter 2008 (VP) Lifetime ACU Rating: 92)
To: Sub-Driver
This buffoon should stick to speaking for himself.
8
posted on
11/14/2007 10:52:52 AM PST
by
Niteranger68
(Questions are free. Answers are $1. Correct answers are $5.)
To: Sub-Driver
How much inheritance tax do you suppose Buffet will pay? No one pays this tax if they have any intelligence.
Getting rid of the inhertiance tax will generate more tax revenue as property will not get a new basis in the estate.
Also less money will be given away to stupid liberal causes.
9
posted on
11/14/2007 10:53:14 AM PST
by
PeterPrinciple
( Seeking the truth here folks.)
To: Mad_Tom_Rackham
Warren eats up family owned businesses that must be sold to pay estate taxes. Hypocrite !
To: Sub-Driver
Warren... why don’t you just write a check to the IRS and get it over with? why burden your offspring with the maladies of government?
To: Sub-Driver
Warren can easily write a check to the U.S. Treasury for any sum he wants. That would not assuage his liberalism, however, which can be sated only with other peoples’ money.
To: Sub-Driver
I have absolutely no respect for Warren Buffett. he talks a good game, but when it comes down to it, he doesn’t ‘walk the walk’.
If he did, he’d pay far more in taxes, willingly, then he does year after year after year.
STFU Warren, in short. Your a hypocrite.
13
posted on
11/14/2007 10:54:36 AM PST
by
Badeye
(That Karma thing keeps coming around, eh Sally? (chuckle))
To: Eric in the Ozarks
Warren eats up family owned businesses that must be sold to pay estate taxes. Hypocrite
Be real here, most small family businesses are sold because the kids don’t want to continue the business.
14
posted on
11/14/2007 10:57:28 AM PST
by
PeterPrinciple
( Seeking the truth here folks.)
To: Aggie Mama
Because he’s a liberal shill and has his own wealth protected in every way possible, just like the Kennedy’s.
To: Sub-Driver
He wants to keep things as is because money that is spent on life insurance flows to him, and life insurance benefits are tax free. It’s naked self interest, as National Review Online explained today.
16
posted on
11/14/2007 10:59:15 AM PST
by
TenthAmendmentChampion
(Global warming is to Revelations as the theory of evolution is to Genesis.)
To: Sub-Driver
What a POS! He’s got all his money tied up in various trusts so that the tax won’t hit him but he pretends that he’s ready to take the hit. Eliminate all the trusts and he’ll be squealing like a damn fat pig.
17
posted on
11/14/2007 10:59:16 AM PST
by
lilylangtree
(Veni, Vidi, Vici)
To: Sub-Driver
Buffett said inheritance taxes preserve a measure of meritocracy, and with it opportunity, by recycling portions of great wealth through public coffers. But asshat himself has his money going into trusts for "philanthropic" organizations run by (and paying salary to) his family.
He's also thrown a huge chunk of cash to his felllow pauper Bill Gates's for Bill and his lovely bride to disperse.
These moves effectively eliminate the possibility that any of his money will be recycled through "public coffers" after he lays down for his impending dirt nap.
18
posted on
11/14/2007 10:59:22 AM PST
by
tx_eggman
("Believing without loving turns the best of creeds into a weapon of oppression" Eugene Peterson)
To: Aggie Mama
I have a theory about socialists -
if they are not rich, they are eager to use the government to get what someone else earned,
if they are rich, they didn’t really have to work very hard to obtain it, it came too easy to them, they feel guilty, and think that everyone else who is rich didn’t work for it either.
Warren, if it’s such a good idea for the government to get over half of your money when you die, PUT IT IN YOUR WILL.
Then we’ll listen to your sorry socialist ass.
Same with you socialized healthcare people. Show me the receipts where you’ve paid for a stranger’s health care/insurance, then I’ll let you spout.
19
posted on
11/14/2007 10:59:47 AM PST
by
MrB
(You can't reason people out of a position that they didn't use reason to get into in the first place)
To: Aggie Mama; tdewey10
20
posted on
11/14/2007 11:01:26 AM PST
by
TenthAmendmentChampion
(Global warming is to Revelations as the theory of evolution is to Genesis.)
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