re: #353 Buck

Off shore? My uncle bought a house in Nassau and never paid a dime of income tax after that.

So why aren’t they doing this in total now? I mean, there’s plenty of offshore investments in places with much lower taxes. So why aren’t they already solely investing overseas?

Would Buffet do that? Maybe not, but his portfolio would take a HUGE hit. You might tax his income at a higher rate (double), but if he earns half as much does the government come out ahead?

Are you purposefully ignoring that Buffet wants to pay a higher tax? And how would his portfolio take a hit? The value of his stocks wouldn’t change at all. So can you explain how his portfolio would take a hit?