The nuance is that Buffett's tax profile is largely a feature of how he makes money through investments and the relevant tax code. I'm betting that if Trump were to have a similar asset profile, Trump's results would be similar.
From another article:
"[Because BRK doesn't pay dividends, ...] the Treasury has been
getting exiguous tax revenue from one of its wealthiest citizens.
Buffett is virtually immune to higher individual income-tax rates,
while he promotes higher rates for other rich people, who may
have a net worth a hundredth of 1% (0.01%) of his own."[0]
Going to keep this neutral, but I don't believe Donald Trump's conduct either historical or current would support an expectation of his having donated almost 3B to charity last year. Or a plan to give the majority of his wealth to charity in his lifetime.
Tax payments aside, those are very different results for me.
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[ 4.7 ms ] story [ 20.0 ms ] threadThe nuance is that Buffett's tax profile is largely a feature of how he makes money through investments and the relevant tax code. I'm betting that if Trump were to have a similar asset profile, Trump's results would be similar.
From another article:
[0] http://www.barrons.com/articles/warren-buffetts-nifty-tax-lo...Tax payments aside, those are very different results for me.