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Warren Buffett and taxes

Warren Buffett's New York Times op-ed is getting some attention, with praise for his selflessness in calling for higher taxes on himself. It should be noted that Buffett's motivations can't be called entirely selfless: Berkshire Hathaway's business model often involves purchasing private family-owned companies that are hit hardest by the estate tax. The absence of the estate tax takes away this source of profit.

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Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.