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Home›Global Markets›North America›Buffett says wealthy Americans are under-taxed, but ch…

Buffett says wealthy Americans are under-taxed, but charity avoids levies

CNBC Markets reports Buffett argues his tax exposure is shaped by how he plans to donate his fortune, limiting potential estate tax payments to the government.

Reported · Written up by our desk · North America

Warren Buffett says he and many other very wealthy Americans are under-taxed, according to CNBC Markets.

The billionaire investor adds that because he plans to direct his fortune to charity, he is unlikely to pay billions in potential estate tax levies, the outlet reported.

CNBC Markets notes that Buffett frames his approach as using giving to reduce what he would otherwise owe under estate and related taxes.

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Sources

CNBC MarketsBuffett favors an estate tax, but like virtually all billionaires, he won't be paying it

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