1) what Buffett's real motivations are
2) why I cannot understand that
3) why my argument as to his motivation is demonstrably incorrect
I will be back in three hours-that should be almost enough time for you and your ally to come up with a rational answer for all three
Poster still not understanding the concept of capital gain. If he sells it for $100m, then he has to make a 100% capital gain, which means he got the company for nothing, for him to bear the capital gain tax for the whole $100m.
Besides that, so what if only $30m goes to his family?
But the fact of the matter is that calling for energy independence doesn't obligate the US to stop importing oil just as calling for higher capital gain tax doesn't obligate Buffet to pay more than he needs to by law.
So not only is Buffet a liar...he doesnt pay less taxes than his secretary, he is also a hypocrite AND to cap this gem off...we have the president using his lie to promote 'the Buffet Rule'...which isnt even what Buffet wants or suggests. See how insipid this all is?
I see the rightwingers still haven't figured out the difference between corporate taxes, capital gains, and personal income taxes
And they think they know about business