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Don't mess with taxes of super-rich
Warren Buffet doesn't want lawmakers to tampering with the inheritance tax. The billionaire told a Senate Finance Committee yesterday the super rich are having no problem getting richer and if anybody needs a tax break, it's those bringing in $20,000 a year or less. Buffet, America's second-richest person, has been outspoken about the mostly Republican efforts to repeal or reduce the federal estate tax. Critics, including Democrats, say a repeal would be a huge windfall for the country's wealthiest families.
Posted on November 15, 2007 3:00 AM PT | Permalink
Comments (1)
Warren Buffet is modern day saint. Very talented saint!. His words are very valuable, and lawmakers should respect his suggestion very open-mindedly.
Posted by Pradip Maheshwari | November 15, 2007 7:29 AM PT
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