Just read current news that warren buffett is contributing 85% of his wealth as charities. Does anybody know why?
2006-06-30 12:45:04 · 12 answers · asked by beltimore 1 in News & Events ➔ Current Events
Not to be outdone by Bill Gates, he wants to give back to society.
2006-06-30 12:49:28 · answer #1 · answered by mrknositall 6 · 0⤊ 1⤋
sure you may want to do this, besides the undeniable fact that it you'll nonetheless be out of pocket for the adaptation between the donation and the tax reductions. in case you donated the $10k you would save about $3,three hundred in taxes yet would nonetheless have $6,seven hundred lower than you would have had in case you had no longer made the donation. truly, $250k falls about halfway contained in the 33% bracket so that you received't drop a bracket besides. Spending money to save taxes almost under no circumstances will pay off. Make the donation for the strong that it does, no longer for any tax reductions.
2016-10-14 00:27:28 · answer #2 · answered by ? 4 · 0⤊ 0⤋
He has a brain tumor. A Haitian voodoo witch doctor told him he could cure it, but Mr. Buffet had to experience life as a homeless bum for at least a year before the magic would work.
That's a fact.
2006-06-30 13:16:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
he should and so should all extremely wealthy people
most of them did things to hurt the consumer in their lives so they could attain more money so when their dead they should make sure their families taken care of then the rest should go back into society
2006-07-07 07:00:07 · answer #4 · answered by Bryan C 1 · 0⤊ 0⤋
Because he wants to me immortalized just being rich isn't good enough for some people. They want to have fame and fortune as well.
2006-07-07 09:04:20 · answer #5 · answered by scramly 2 · 0⤊ 0⤋
well when you die money has no meaning. so why not get rid of it and put it towards people who actaully need it like the children of poor countries or towns.
2006-07-07 07:56:47 · answer #6 · answered by septboy19 3 · 0⤊ 0⤋
He will get a huge tax break by doing this, and it makes him look good.
2006-07-07 01:08:57 · answer #7 · answered by JBWPLGCSE 5 · 0⤊ 0⤋
He still has BILLIONS left over.
It makes him the biggest philanthropist EVER in HISTORY.
2006-06-30 15:14:05 · answer #8 · answered by mulder 1 · 0⤊ 0⤋
with the money he has he can afford it and he feels the need.
2006-07-06 20:20:12 · answer #9 · answered by mia t 5 · 0⤊ 0⤋
maybe hes just a good person...
2006-07-01 09:48:28 · answer #10 · answered by abc 3 · 0⤊ 0⤋