........ one who says he favors keeping the Death Tax because, he says, the rich must pay their fair share.
So we who oppose the Death Tax based on logic, after all, money- wealth- accumulated over the years by smart investments and other good moves has ALREADY been taxed at many levels. Federal income tax, state income tax, local income tax, and numerous other taxes have been paid on this wealth.
So what does one of the richest men in the world do with his very large fortune? He favors the Death Tax so he exposes his fortune to the state and federal tax laws regulating large fortunes when a rich person dies. Right?
No, not exactly.
What?
He donates his fortune to poor people?
No
He establishes a trust for the less fortunate?
No.
So what does he do with his fortune worth billions?
He keeps a few billion for himself and his family members and gives the residue to one of the wealthest people in the world.
What?
Warren Buffett. Yes, the super savvy investor says one thing yet does something else. If Buffett really believed in the fairness of the Death Tax, he would pay HIS fair share of taxes.
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