November 06, 2007
Feeling guilty about not paying enough in taxes?
Surf on over to James Taranto's daily feature over at OpinionJournal.com for relief. Yesterday he took on the recent pronouncement of the Oracle of Omaha that he wants to pay more in taxes. Simply put, one can always make a donation to the Treasury and Taranto provides the info on how to do it. On a related note, I recall Buffett's opposition to death tax relief is not disinterested--his insurance interests make alot of money selling products intended to lower the tax bite on large estates.
Posted by LMC at November 6, 2007 12:18 AM | TrackBackBuffett also benefits from the current tax structure -- especially death tax. Berkshire regularly buys established, family-owned businesses that generate solid cash flows. Furniture stores, jewelry stores, etc. The founders get to continue to run it but solve some of their (and their heirs) tax problems via the sale to Berkshire.
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