Thanks for the response, ace.
Buffett is certainly taking advantage of the system, but that's the kind of thinking that got him rich in the first place. But that isn't stopping him from wanting to change the system for the benefit of others apparently.
I doubt there are many other rich people (certainly not nearly as rich as him, even) who will donate their entire estate to charity upon their death. Buffett doesn't want change for this own case; he wants it for America. If he's donating his wealth to charity, he's leading by example, not necessarily for the prime purpose "exploiting" the tax system.
Quote:
Originally Posted by aceventura3
If he really believes what he says, he can write the IRS a check anytime he wants.
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But that would only be a one-off. He wants to change the system for
everyone. He wants it to work even after his death. He's giving his money to charity, remember? Why write a cheque to the IRS? The problem isn't with him; it's with others. One man's wealth isn't going to help America's poorest in the long run.
Buffett is a smart man in more ways than one.