“Tait puts the total tax bill Buffett sidesteps by moving his fortune into family foundations at $33 billion to $56 billion, depending on how the shares are eventually sold.”
at least 33 billion dollarsat most 56 billion dollars
“Sell the stock, and a billionaire in the top bracket owes 20% in long-term capital gains tax, plus a 3.8% net investment income tax on top. That’s 23.8% on everything the stock gained.”
