As an avowed supporter of the estate tax, Mr. Buffett could have let the government take its share of his estate after he dies. But just as Mr. Buffett has accumulated his vast wealth without paying much personal income tax, he has found a way to avoid the tax man in this maneuver as well, even writing in his letter to Bill and Melinda Gates that a condition of the gift is that the foundation “must continue to satisfy legal requirements qualifying my gifts as charitable and not subject to gift or other taxes.”
As Taranto points out,
When billionaires back the death tax, keep in mind that they have no intention of actually paying it. They are being “generous” with other people’s money. This is the way in which the superrich wage class warfare against the merely affluent.
You can bet on that.