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Author: rationalwalk Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 214215  
Subject: Re: Buffett Calls for 'Strong' Estate Tax Date: 12/14/2012 11:47 AM
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Hypocrisy should be called out from everyone when evidenced. Buffet built an empire on tax evasion ( retained earnings, no divident, etc.), scuttled his estate assets to keep it out of government hands and now at the end of his life he thinks no one else should be able to do this.

That's an interesting definition of tax evasion. You might want to look up what the legal definition of tax evasion is. By the way, Berkshire pays taxes as you can see from the annual reports.

I am not aware of Buffett favoring any changes to the estate tax that would prohibit giving away money to avoid the tax. In fact, I'm pretty sure he is against that since it would mess up his own plans. In fact, the Giving Pledge is intended to encourage others to do as Buffett has done ... by giving away money.

I completely disagree with Buffett's views on the estate tax. But this type of poorly thought out attack on Buffett is not only unwarranted but also counter productive. It is irritating for a conservative to have to be subjected to this kind of garbage argument while the President and the Democrats run away with public opinion because Republicans cannot come up with coherent rationales for opposing tax rate increases. From a pure political perspective, the President deserves to win big here and the GOP humiliated. If I was in Obama's shoes, I wouldn't be giving an inch.
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