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Author: ariechert Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 775739  
Subject: Re: Warren Bufffoon......at it again Date: 12/14/2012 11:55 AM
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"If you remember your Millionaire Next Door, nearly every millionaire with assets over 5 millon dollars owed essentially zero estate taxes. They manage all to do efficient tax planning and have near zero assets by the time they die. VArious generation skipping trusts, charitable remainder trusts, charitable donations, gifting to children as they get older, etc. FAmily corporations and trusts. The tax man collects next to nothing on people with 10 or 20 million in 'wealth'. Most of the estate tax comes from those under 5 million in assets and when it was 550K only exempt, from most of the middle class who died owning a house and some assets. I'm sure when Buffett dies, the IRS will get zero." - tele

Damn there are some smart people in this world. People who really know how to skin the rabbit when it comes to money. I'm impressed.

And yes I do have wealth envy. I freely admit it. Now I need to go get cleaned up and buy some lottery tickets. <grin!>

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