Quote:
Originally Posted by Riot
Buffett never announced his charitable deductions, but it is calculated to be about 23 billion - yes billion - dollars to Gates Foundation. Buffett has always said that when he and his wife die, the vast majority of their money will go to Gates Foundation (rather than leave a huge estate to the kids)..
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Then why bring up his tax rate, not knowing what his deductions were? His tax rate is the max!
Seems to me the culprit you should be blaming is the write off allowed for charitable deductions. Make a sign and get to Wall Street. See how 'NO MORE CHARITABLE DEDUCTIONS' plays.