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Originally Posted by irishtrekker
Yes, but your insinuation that they did it out of some sort of anti-tax logic is a little off-base.
Like I said, Gates Sr. *supports* the estate tax, and from what he's said, his son does, too...so I don't really think they were thinking, "Yippee! No estate tax!" when they committed their lives and energy to fighting global poverty. Gates is quitting his company to work on improving global health. Don't hold him up as the poster-boy for fiscal conservatism, because he's not.
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As I wrote in my previous post ... death taxes DO exist ... and Gates and Buffet have taken actions which avoid them.
It would be much better if death taxes DIDN'T exist ... then talented people like Gates and Bufffet wouldn't have to twist themselves into knots ... and take actions which put their motives into question ... in order to maintain control of their own wealth.