Comments on: Warren Buffett and the Death Tax http://www.thewriterscoin.com/2009/01/08/warren-buffett-and-the-death-tax/ Making Personal Finance and Money Interesting Wed, 08 Sep 2010 06:01:03 +0000 hourly 1 http://wordpress.org/?v=3.0 By: The Snowball: Warren Buffett and the Business of Life http://www.thewriterscoin.com/2009/01/08/warren-buffett-and-the-death-tax/#comment-60026 The Snowball: Warren Buffett and the Business of Life Fri, 20 Aug 2010 11:32:38 +0000 http://www.thewriterscoin.com/?p=1085#comment-60026 [...] already gave a preview of the book and discussed Buffett’s opinion on the estate tax (or death [...] [...] already gave a preview of the book and discussed Buffett’s opinion on the estate tax (or death [...]

]]> By: Paying Taxes: Are We All Hypocrites? http://www.thewriterscoin.com/2009/01/08/warren-buffett-and-the-death-tax/#comment-5145 Paying Taxes: Are We All Hypocrites? Thu, 05 Feb 2009 13:05:25 +0000 http://www.thewriterscoin.com/?p=1085#comment-5145 [...] Which, you know what? I can understand that. I can sympathize. Maybe I don’t feel as strongly about it as a lot of people do, but I get it: it’s frustrating when the people that are already rich try to get away with stuff to make them even richer. Even Warren Buffett would agree. [...] [...] Which, you know what? I can understand that. I can sympathize. Maybe I don’t feel as strongly about it as a lot of people do, but I get it: it’s frustrating when the people that are already rich try to get away with stuff to make them even richer. Even Warren Buffett would agree. [...]

]]> By: Have We Been Sold A Bunch Of Lies About Money? | Frugal Dad http://www.thewriterscoin.com/2009/01/08/warren-buffett-and-the-death-tax/#comment-4794 Have We Been Sold A Bunch Of Lies About Money? | Frugal Dad Mon, 19 Jan 2009 11:01:48 +0000 http://www.thewriterscoin.com/?p=1085#comment-4794 [...] know little about.  We know nothing of their day-to-day operations, their leadership team, etc.  Warren Buffet has made a mint buying what he knows, but what about the rest of [...] [...] know little about.  We know nothing of their day-to-day operations, their leadership team, etc.  Warren Buffet has made a mint buying what he knows, but what about the rest of [...]

]]> By: spaces http://www.thewriterscoin.com/2009/01/08/warren-buffett-and-the-death-tax/#comment-4666 spaces Mon, 12 Jan 2009 18:50:35 +0000 http://www.thewriterscoin.com/?p=1085#comment-4666 The crying shame is the way the "death tax" crowd has convinced ordinary Americans that the estate tax could possibly apply to them. Most of the rhetoric is lies. As you pointed out, the weatlth transfer taxes applies only to a tiny group of ultra-rich individuals. Also importantly: It does not apply to anything you bequest to your spouse. It does not apply to the first $3.5 million that passes at your death -- and if you're married, and plan, that doubles to $7 million at the death of both you and your spouse. You can make generous gifts each year without the gift tax, the estate tax's sidekick, applying. You can also pay educational and medical expenses for folks without any wealth transfer tax applying. You can leave it all to charity without paying a cent in tax! With good planning -- and the ultra-rich naturally can easily afford advice from the best wealth transfer tax professionals in the world -- you can pass plenty without tax. I'm with Buffett, and he's hardly alone. The crying shame is the way the “death tax” crowd has convinced ordinary Americans that the estate tax could possibly apply to them. Most of the rhetoric is lies. As you pointed out, the weatlth transfer taxes applies only to a tiny group of ultra-rich individuals. Also importantly: It does not apply to anything you bequest to your spouse. It does not apply to the first $3.5 million that passes at your death — and if you’re married, and plan, that doubles to $7 million at the death of both you and your spouse. You can make generous gifts each year without the gift tax, the estate tax’s sidekick, applying. You can also pay educational and medical expenses for folks without any wealth transfer tax applying. You can leave it all to charity without paying a cent in tax! With good planning — and the ultra-rich naturally can easily afford advice from the best wealth transfer tax professionals in the world — you can pass plenty without tax.

I’m with Buffett, and he’s hardly alone.

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