By A Texas Reader
Thu, Jul 9, 2020 11:14 a.m.This year, Buffett also estimated how much he has saved in tax deductions over the years as a result of his charitable contributions. Buffett said that for every $1,000 in contributions he has made, he has been able to reduce his state and federal income
| Buffett has been giving away blocks of Berkshire stock since 2006. The 89-year-old CEO plans to eventually give all of his Berkshire stock to charity. www.wfaa.com |
ATR: So, it's a tax dodge.
Do you know why he owns insurance companies?
Uncle Sam allows earnings on stock portfolios held by insurance companies to be sheltered from taxes.
Buffett exploits every loophole imaginable to NOT pay taxes.

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