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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (778555)	4/5/2014 2:34:10 PM
From: i-node	2 Recommendations Recommended By Brumar89 FJB Read Replies (2) \| Respond to of 1573259

>> Dave, he's GIVING AWAY 99% of his fortune to avoid paying a 50% tax? Does that actually make any kind of sense to your selfish, right-wingnut mind? He's NOT doing it to "avoid taxes". This isn't the subject of debate. He flatly stated it in an interview on CNBC, with words to the effect of, "Government is a poor allocator of resources. I'm transferring most of my wealth to [the Gates Foundation] because I think they can do a better job of using my wealth than government can." And of course it makes total sense. I'm sure his tax counsel are totally down with it; it will totally avoid the estate tax while leaving the amount of wealth he chooses to to his kids. I believe he has indicated a mere 1 billion -- however, that likely excludes considerable investments in substantially appreciated capital assets that have been gifted over the years. He can leave his kids a very large sum of money and other property without pay a nickel in estate tax. Gates had estate tax considerations but financial motivations as well.