Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (624570)	8/16/2011 12:46:17 AM
From: i-node	4 Recommendations Read Replies (1) of 1576348

>> But Buffet knows he has more money than he could ever need has decided to do good works with it and give back to the country... Buffet sees a 55% death tax approaching rapidly and is doing everything possible to avoid it by forking over the money to Bill & Melinda, rather than "giving it back to the country" as you suggest. Bill and Melinda aren't spending their money in the United States. Out of 2.5B spent in 2010 $380M was in the US, about 15%. And BTW, Gates like Buffet, is playing the death tax avoidance game. They're both effectively AVOIDING paying tax to the US government and instead, paying over money to causes outside the US. Why are they doing this? The answer is simple: They, like many others, understand that their money doesn't amount to a hill of beans in trying to tame the problems of the federal government.

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