Planning for the "Buffett Tax"

Denis Kleinfeld opines that giving Warren Buffett credibility on issues of estate or income tax seems to be a "fallacy of logic" and that raising the estate tax on Americans who have retained enough wealth serves no positive fiscal purpose and is not good for the Treasury or the taxpayers.  He also opines that Warren Buffett has vested interests in the tax going into effect and that people can plan for the "Buffett Tax" by merely following the tax structures given by Warren Buffett. 

See Denis Kleinfeld, "How to Plan for the Buffett Tax," Newsmax.com, Sept. 26, 2011.

Posted by William Alan Nelson II, Associate Editor, Wealth Strategies Journal