Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (2249)	11/14/2014 12:19:11 PM
From: Kirk ©	1 Recommendation Recommended By toccodolce Read Replies (3) \| Respond to of 26780

Buffett was all for the president and higher taxes on the rich. I wonder if I could use some of my 20x appreciated LRCX shares to buy a new car or pay my property taxes and avoid capital gains taxes? Warren Buffett is again using tax code to his advantage with his new deal to buy Duracell from Procter & Gamble (NYSE: PG). Berkshire Hathaway ( BRK.A, BRK.B) is paying $4.7B for the business, but the currency will be its P&G stock with a cost basis of just $336M. Had Berkshire instead sold the shares, it would have faced a capital gains tax bill of more than $1B. The Obama tax on super high capital gains to pay for the Obamacare got short changed on this transaction. It is no wonder so many hate large corporations and the super wealthy... they have so many loopholes and lawyers not available to most of us.