The Buffett Tax

Denis Kleinfeld recently posted an article on the Newsmax website that addresses Warren Buffet and his credibility on estate and income tax issues. Kleinfeld argues that Buffett’s proposal of raising the estate tax for Americans who have retained enough wealth will not benefit taxpayers or the Treasury and does not serve a positive fiscal purpose.

Kleinfeld also argues that Buffet has vested interests in the tax plan going into effect and opines that Americans can plan for the so-called “Buffet Tax” by following tax structures given by Buffet.

SeeDenis Kleinfeld, How to Plan for the Buffett Tax, Newsmax.com, Sept. 26, 2011.

Special thanks to Jim Hillhouse (WealthCounsel) for bringing this article to my attention.