Buffett favors an estate tax, but like virtually all billionaires, he won't be paying it
BECKY QUICK: You said earlier that this is not a tax reform bill. It's a tax cut.WARREN BUFFETT: A tax cut.BECKY QUICK: What do you think about it?WARREN BUFFETT: Well, I — I don't think I need a tax cut.But — for example, the current proposal eliminates the estate tax. There are going to be 2.6 million people die this year in the United States.
- ▪BECKY QUICK: You said earlier that this is not a tax reform bill.
- ▪It's a tax cut.WARREN BUFFETT: A tax cut.BECKY QUICK: What do you think about it?WARREN BUFFETT: Well, I — I don't think I need a tax cut.But — for example, the current proposal eliminates the estate tax.
- ▪There are going to be 2.6 million people die this year in the United States.
CNBC — Top files mainly under finance. We currently carry 464 of its stories.
Opening excerpt (first ~120 words) tap to expand
BECKY QUICK: You said earlier that this is not a tax reform bill. It's a tax cut.WARREN BUFFETT: A tax cut.BECKY QUICK: What do you think about it?WARREN BUFFETT: Well, I — I don't think I need a tax cut.But — for example, the current proposal eliminates the estate tax. And it's not a death tax. There are going to be 2.6 million people die this year in the United States. And there'll be 5,000 tax returns that people — estates that pay tax.So if you start going to a funeral every month, it's going to be 40 years on average before you go to one where there's any estate tax due.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at US Top News and Analysis.
Discussion
0 commentsMore from US Top News and Analysis
