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  • Warren Buffett: Tax inherited estates

    11/14/2007 10:48:28 AM PST · by Sub-Driver · 102 replies · 88+ views
    Warren Buffett: Tax inherited estates By LAURIE KELLMAN, Associated Press Writer 11 minutes ago Billionaire Warren Buffett told the Senate Finance Committee on Wednesday that Congress should keep the estate tax rather than repeal it and help a few rich Americans like him. "I think we need to ... take a little more out of the hides of guys like me," Buffett told the panel. One of the world's richest men and biggest philanthropists, Buffett has been outspoken against efforts, mostly by Republicans, to repeal or reduce the federal tax on inheritances. Democrats argue that a repeal would amount to...