Tuesday, August 16, 2011

MR. BUFFETT'S OWN WORDS

On June 26, 2006, Warren Buffett, the man who wants to be the protector of society, wrote in a letter to the Board of Directors of one of the Buffett Foundations, "THE ONLY CONDITION TO THIS COMMITMENT IS THAT THE FOUNDATION MUST CONTINUE TO SATISFY LEGAL REQUIREMENTS AND QUALIFYING MY GIFT AS CHARITABLE AND NOT SUBJECT TO GIFT OR OTHER TAXES".

So here you have it ladies and gentlemen. Avoidance of taxes through legal means which would be fine if he wasn't acting as a hypocrital man in my opinion.

1 comment:

  1. It might be that Buffet doesn't want the charitable amount reduced by being taxed... additionally, if he is going to give away large sums of money for charitable purposes, it makes sense that it should not be taxed...

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