Comments on: The Buffett Rule debate: A guide for the perplexed http://blog.oup.com/2011/11/buffett-rule/ Academic insights for the thinking world. Fri, 24 May 2013 00:55:07 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: OUPblog » Blog Archive » The 2012 playbooks for Obama and Romney http://blog.oup.com/2011/11/buffett-rule/#comment-271253 OUPblog » Blog Archive » The 2012 playbooks for Obama and Romney Tue, 24 Apr 2012 12:30:24 +0000 http://blog.oup.com/?p=19349#comment-271253 [...] appear that the opening statement of the Obama campaign has been made. They are emphasizing the “Buffett Rule” (increased taxes for millionaires) and trying to draw what pollsters call “sharp [...] [...] appear that the opening statement of the Obama campaign has been made. They are emphasizing the “Buffett Rule” (increased taxes for millionaires) and trying to draw what pollsters call “sharp [...]

]]> By: Mark R Cole http://blog.oup.com/2011/11/buffett-rule/#comment-237246 Mark R Cole Thu, 10 Nov 2011 23:28:59 +0000 http://blog.oup.com/?p=19349#comment-237246 Much enjoyed this writing but wonder why no mention of Buffett's annual charitable contributions to the Gates Foundation. These deductible contributions (limited to 30% of AGI) have a material bearing on the Buffett returns and tax obligations yet were not part of the tax rate analysis. I applaud WB for the contributions, yet by making them during his lifetime he obtains a very significant income tax advantage--a point that surely is not lost on him. I am very curious why there has been scant mention of the tax effects of these well-publicized contributions. Much enjoyed this writing but wonder why no mention of Buffett’s annual charitable contributions to the Gates Foundation. These deductible contributions (limited to 30% of AGI) have a material bearing on the Buffett returns and tax obligations yet were not part of the tax rate analysis.

I applaud WB for the contributions, yet by making them during his lifetime he obtains a very significant income tax advantage–a point that surely is not lost on him. I am very curious why there has been scant mention of the tax effects of these well-publicized contributions.

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