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Originally Posted by Rekna
But he gives lots of money to Charities. In my view giving money to a charity is pretty much equivalent to being taxed, just you are picking what you want done with your money. His business still gets taxed.
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Sounding like a Republican.
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Also how does he avoid the estate tax? Maybe I don't understand that tax well enough but when he dies all of his assets will be transfered to his beneficiaries and each of them will be taxed for the value of those assets no?
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His plan is to give his money to charities. He can do this through trusts without paying taxes upon his death. If Buffet thought giving money to the government was the best use of his wealth, I think he would do that.