Buffett on estate taxes

[clifp]

Here is list of companies funded by the Hawaii Angels organization. Now not all are high tech (Hawaii superferry) nor all of them based in Hawaii Ardica (which makes fuel cell powered ski jackets!) is based in Palo Alto, but most of the list is both.

Nords you are right Hawaii desperately needs to diversify its economy if for no other reason than making it attractive for yours and other daughters to come back here after college. The hi tech tax credits have been beneficial in that respect and we have smoke and mirrors data to prove it.

Still at the end of day, I'm a member of a organization that meets at a country club once a month, requires a $1 million in assets to join, and lets me invest with zero risk thanks to taxpayer subsidies.

[Nords]

Originally Posted by clifp

Here is list of companies funded by the Hawaii Angels organization. Now not all are high tech (Hawaii superferry) nor all of them based in Hawaii Ardica (which makes fuel cell powered ski jackets!) is based in Palo Alto, but most of the list is both.
Nords you are right Hawaii desperately needs to diversify its economy if for no other reason than making it attractive for yours and other daughters to come back here after college. The hi tech tax credits have been beneficial in that respect and we have smoke and mirrors data to prove it.
Still at the end of day, I'm a member of a organization that meets at a country club once a month, requires a $1 million in assets to join, and lets me invest with zero risk thanks to taxpayer subsidies.

Excellent, thanks for the info. I'm being told that a full listing of who's taken the high-tech tax credits is not considered public info. I guess it's between the company's tax returns and the state's auditors... not that there's any implication of abuse!

I wonder how many returning Hawaii expat parents in their 30s are moving into Mom & Dad's vacating house as the grandparents use their equity to downsize to a condo. Sort of a ransom for the hostages grandkids. Just curious, of course.

So is there a dress code for these meetings? Coat & tie? Shoes? Socks? Please check your PMs...

[deserat]

Clifp,

Can I be your second niece? :-) hehe, I don't mind if the inheritance is a bit less.

Very interesting thread - I'm not in the monetary leagues you all are talking about - but as my husband and I sit down and look at the realistic possibilities, it becomes evident that tax management will become the most important aspect of our estate as we move forward. What's really interesting is I spent some time with my mother this Thanksgiving and she handed over all of her power of attorney's, living will, will to me as I'm the secondary beneficiary and executor after her husband. She's a paralegal in a small town and does estate stuff all the time - I noticed as I read her will, there were key phrases, etc, that showed good knowledge - she then made a statement that they were going to establish a trust - have a 'pour-over' will to the trust which would avoid probate altogether. I really should listen to this some more :-)