Yes, someday you will have to pay taxes when you sell your equity bonds, but if you don’t sell them you just keep on earning 12.11% free of taxes year after year after year. . . . Don’t believe it? Consider this: Warren has approximately $64 billion in capital gains on his Berkshire stock and has yet to pay a penny in taxes on it. The greatest accumulation of private wealth in the history of the world and not a penny paid to the taxman. Does it get any better?
