MUST SEE TV, a certain joe went after a certain CEO on a certain cable show this morning ,
sadly the joe doesnt understand the issues well enough to drill down. the guy pointed out that the ceo will NEVER really pay any tax because he will be donating 99 % of his net worth and unrealized cap gains TAX FREE ! He should have asked the CEO, since you will be gifting your cap gains tax free and the foundations will enjoy the proceeds from sales TAX FREE, do you agree the foundations should have to pay a 20 % flat tax on the sales on unrealized gains gifted ? That way you will pay about 10 BILLION in tax on your 50 BILLION net worth, that's fair , no ? YOUR dream come true, YOU, actually pay tax down the road.