Warren Buffett Testifies Before Congress

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . For the latest Warren Buffett, go to WarrenBuffettNews.com - The term Death Tax is Orwellian and just wrong. 99.5% of all estates go untaxed. Many people benefit from a death because of appreciating assets and a tax break. The total wealth of the Forbes list is 1.54 trillion dollars. Tax benefits have benefited this list in a big way. At the same time, median income didn't benefit. They have been on a treadmill while the rich have been on a rocketship. Keep the estate tax, then take a look at the bottom fifth of Americans. They are paying more than 15% in payroll taxes. That is more than is paid on dividends or capital gains. A dog is inheriting 12 million dollars. That money could be used to give more money to the little people.

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