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  1. 1 day ago · Buffett's tax evasion plan? Buffett's decision also has significant tax implications. In the United States, estate taxes on more than $2.5 million can be as high as 50%. Donating to charity is a legal way to mitigate those taxes. Charitable foundations must spend 5% of their assets each year, but there are no specific rules on how to use the money.

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