Thursday, July 15, 2010

Another Way Warren Buffett Benefits from Estate Taxes

Below, I pointed out that oligarchs, including Buffett, benefit from the estate tax because the estate taxes forces many families to sell their businesses because estate taxes are so horrendously high. Lew Rockwell emails to point out that another benefit to Buffett from estate taxes:
Per your post on oligarchs loving estate tax, Buffett is the poster boy since he continually profits from the estate tax by selling life insurance policies whose main benefit is that they aren't death taxed.

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