If one of the wealthiest men in the world says this then who's to say he's wrong...
Warren Buffett
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Estates below $2 million are now exempt from federal estate taxes. How much do you think should be exempt?
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NEW YORK (CNNMoney.com) -- Warren Buffett has said it before and he's likely to say it again to Congress on Wednesday: He thinks the heirs of the wealthy should be taxed on their inheritance.
Buffett, one of the world's richest men and now its biggest philanthropist, has been an outspoken critic of efforts to repeal the estate tax and is scheduled to testify at a Senate Finance Committee hearing on how current law affects estate tax planning.
Estates worth up to $2 million this year and next will be exempt from federal estate tax, and portions of an estate above that amount would be taxed at 45 percent.
Buffett: Tax my kin, please - Nov. 13, 2007



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