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Preheat oven to 350°F Grease and flour a 9X13 cake pan.
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In a large bowl, blend together the eggs, oil, water, vanilla and sugar. Beat until well mixed.
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Sift together the flour, salt, baking soda, baking powder, cinnamon and nutmeg.
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Add the flour mixture to the egg/oil mixture. Beat until well blended.
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Stir in the pumpkin.
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Pour batter into prepared pan and bake about 1 hour, or until a toothpick inserted comes out almost clean. Cool cake completely. (You can place warm cake in refrigerator or freezer to speed cooling.).
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While cake is cooling, prepare the caramel glaze: In a large saucepan, combine sugar, butter. buttermilk, corn syrup and soda. Bring to a boil; then reduce heat and simmer for 5 minutes, stirring constantly. Glaze will turn to a caramel color. Remove from heat and stir in vanilla. NOTE: A large saucepan is needed because mixture will expand after coming to a boil. It will simmer down after about 3 minutes of cooking.
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Poke holes in cooled cake. (I use the pointed end of a cooking thermometer. The holes need to be large enough for the caramel to run down into the cake.)
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Slowly pour caramel glaze over cake spreading evenly over entire cake. Let cake sit until glaze is totally absorbed, about 15 minute Cool the cake completely.
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Prepare cream cheese frosting: Cream butter and cream cheese until fluffy. Add vanilla and powdered sugar and beat until well blended. Frost cake; then chill until frosting is set.
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Refrigerate any leftover cake. (If there ARE any leftovers!) Enjoy!