Buffett emphasizes tax-exempt philanthropy

Buffett states that philanthropy can be a powerful tax shield if donors wish. Buffett donation, He said yesterdaySaved only 40 cents for every $ 1,000 given. The reason his tax bill is so low is that he earns a relatively small income from wages and accumulates most of his wealth from his holdings of Berkshire Hathaway shares that are not taxed until they are sold. He said.

  • Buffett saidHuge dynasty wealthThe debate about tax increases for the wealthy is so-called. Buffett rule, Millionaires and the minimum tax proposed to millionaires. Yesterday he reiterated his support for a tax law review. “It’s appropriate for Congress to regularly review the tax system for charitable donations, especially for donors who get’imagination’,” he said.

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Buffett emphasizes tax-exempt philanthropy

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