No. of Recommendations: 1
"IF property appreciates over time higher tax receipts will be realized."
al, to clarify this point. when Buffett passes the value of his brk holdings might be 150 billion or more. IF the tax was due upon his passing, the estate would have to sell 30 billion brk or more to pay the tax. That would be very disruptive to markets. On the other hand, a charity might receive 1 million of a crypto coin or a painting. What happens if prior to liquidation the coin goes no bid, or the painting is discovered to be a fraud? It gets very complicated.
