How is it that none of these geniuses that shoot their mouths off about Buffet get around to mentioning that Buffet makes a large portion of his income from TAX EXEMPT municipal bonds. It’s HIS BUSINESS. He’s the largest buyer in the country for buying municipal bond issues, frequently buying the whole issue but immediately passing along part of it to spread the risk. He sells INSURANCE which has it’s own set of tax-favorable rules. The man is IN THE BUSINESS of avoiding taxes, it’s all legal and I don’t blame him in the slightest for pushing on the rules as hard as he can. Everyone with a few bucks to save ought to be studying what he does-—I do. But then I take exception to the ignorant mouth-shooters who whine about him without knowing what he does——as well as Buffet himself moaning about wanting to pay higher taxes. As with everything else just watch what he does, not what he says. You’ll be able to believe his “more taxes” mumblings if he advocates killing tax exempt muni’s.
Never. Gonna. Happen.