Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Friday, November 16, 2007
Insurance companies love the death tax...
Many people wonder why supposed capitalists, such as Warren Buffett, are fighting so hard against the attempts to repeal the Estate (aka Death, Inheritance) tax. It isn’t just their obvious love of Marxism; but good old fashioned personal greed. Insurance companies, such as those owned by Mr. Buffett, make a fortune by selling policies to cover estate taxes. No more estate taxes would dry that cash cow up in a hurry.
There is some good coverage of this topic on National Review Online:
Thanks to David Freddoso at The Corner for this info.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 11/16/2007 12:02:00 PM Send this post:
