[Intolerant in NJ]

If I understand Buffet’s scam correctly, basically the value of his stock is so high because he doesn’t distribute many dividends or capital gains brought in by the underlying assets which are held in his shares - thus he doesn’t have to pay taxes on that income and it is built up instead in the value of his shares - pretty slick - he could certainly pay lots more if he were really concerned about “fairness” in the tax code......

[july4thfreedomfoundation]

I think Buffet also purchases tax-free municipal bonds.....as per their name, no tax is due.

A net worth of $71 billion? Wow.

[Svartalfiar]

If I understand Buffet’s scam correctly, basically the value of his stock is so high because he doesn’t distribute many dividends or capital gains brought in by the underlying assets which are held in his shares - thus he doesn’t have to pay taxes on that income and it is built up instead in the value of his shares - pretty slick - he could certainly pay lots more if he were really concerned about “fairness” in the tax code......

That's not a scam. Having things that change in value isn't income until they're sold.