Billionaire ‘Death Tax’ Swipes $165M from Average Heir – Here’s What It’ll Cost Warren Buffett

Billionaire Warren Buffett is ahead of the curve in life and in death. Because the Oracle of Omaha still lives in his beloved-Nebraska, his heirs will be exempt from a state death tax (also known as the estate tax). Whereas the Jeff Bezos estate would lose an extra $12 billion in estate taxes if he […] The post Billionaire ‘Death Tax’ Swipes $165M from Average Heir – Here’s What It’ll Cost Warren Buffett appeared first on CCN.com

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Bill Gates Only Needs 16 Minutes to Plug His City’s $500 Million Budget Hole

Medina, Washington, where the world’s second-richest man Bill Gates lives is in financial trouble. The city of 3,200 residents is projecting a budget deficit of $0.5 million by 2020. If left unchecked this could balloon to $3.3 million by 2025. In just seven months, the net worth of the Microsoft co-founder has grown by $9.5 […] The post Bill Gates Only Needs 16 Minutes to Plug His City’s $500 Million Budget Hole appeared first on CCN.com

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