Not exactly, Warren. While you can hold the assets for your lifetime, when you die, the federal government will...if your friends Obama, Pelosi, and Reid have their ways...surrender 55% or more of your assets (not just the capital gains) to the federal government and probably a high percentage to the state of Nebraska.
Dear Michael,
Not exactly. When I die, my fortune will go the the Foundations of my rich friends, mostly to the Bill and Melinda Gates Foundation ..... TAX FREE!
That leaves YOU to pay for the Federal Government!
BWAHAHAHAHAHA!!!
Sincerely,
Warren Buffet