its not a death tax ..

Well it was difficult for the Rooney family to come up with the cash for the taxes, and further back in time Jack Kent Cooke's kid flat out could not, but the franchises had not been structured to pay the taxes. Sports franchises are interesting examples of what the tax does. Owners pay themselves salaries to be CEOs or some such shit. And they write off private planes, limodrivers, chefs ... and maybe hookers and blow .. as business expenses. But they don't pay much in income taxes. The REAL MONEY is in the value of the franchise ... which appreciates YUUUGELY. It is passive income. So, the question is whether the Rooney family should be treated somehow differently than the third or fourth generation of Rockefellers or Fords, who really don't contribute much to society from simply sitting on a pile of cash some old reprobate they never even met made? LOL

 

Isn't that what conservatives do when they claim the estate tax is so burdensome?

 

my family owned the Yankees for decades and a bank wouldnt loan the money to pay taxes ????????

one phone call and its handled.

 

burdensome, no, double taxation, yes.

 

funny, now you want them to go into debt. it's double taxation plain and simple bubba.

 

I dont give two shits one way or the other bubba.

 

well sure you do. why else you here in this thread then?

 

what buffett is saying here is that if the government does not take his money from him he will not help others, just his family because he feels that is the right thing to do...in any case it's his money and he can do what he wants with it...even better allocate than the government, unfortunately he, for some reason, failed to explain why he will not do such a good and charitable thing on his own.

 

So if it is only 5000 people or 0.000015625% of the American population then why are you so obsessed with stealing other people's inheritance?

 

Because we don't want to pay what they pay now.