Buffett, worth $96bn, has said 99% of his wealth will go to philanthropy during my lifetime or at death. The applicable rules are that unrealized capital gains (that is, price increases on unsold assets) are generally not taxable income, and that long-term capital gains are taxed at a low rate. Yet according to the tax code, his taxable income is $0, because his rise of wealth is counted as taxable income only when he sells the shares. Taken together, what Mike gives to charity and pays in taxes amounts to approximately 75% of his annual income, the spokesman said. When the company  that is, the real company  earns international profits on its actual production and sales, the real company pays the shell company, based in some Caribbean island, for the use of its own intellectual property.
Buffett, worth $96bn, has said 99% of his wealth will go to philanthropy during no time at at death.
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Buffett , worth $96bn , has said 99 % of his wealth will go to philanthropy during no time at at death .
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