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« Warren Buffett On Charlie Rose - Aug. 16, 2011 | Main | The Greatest Speech Of Ronald Reagan's Career: "There Is No Such Thing As Left Or Right" (Video 1964) »
Thursday
Sep012011

Warren Buffett's Berkshire Still Hasn't Paid Back Taxes

Yes, Uncle Warren, savior of Bank of America, poster-grandpa of tax hikes on the rich, has been less than forthcoming with back taxes owed to the IRS.

NY Post

Billionaire Warren Buffett says folks like him should have to pay more taxes -- but it turns out his firm, Berkshire Hathaway, hasn’t paid what it’s already owed for years.

That’s right: As Americans for Limited Government President Bill Wilson notes, the company openly admits that it owes back taxes since as long ago as 2002.

“We anticipate that we will resolve all adjustments proposed by the US Internal Revenue Service (“IRS”) for the 2002 through 2004 tax years ... within the next 12 months,” the firm’s annual report says.

It also cites outstanding tax issues for 2005 through 2009.

Obvious question: If Buffett really thinks he and his “mega-rich friends” should pay higher taxes, why doesn’t his firm fork over what it already owes under current rates?

 

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Reader Comments (11)

Douglas Moore was a fraud investigator for Dallas when he noticed something wrong with the way the city billed Medicare and Medicaid for city-dispatched 911 ambulance calls.

http://www.star-telegram.com/2011/08/26/3316962/whistleblower-catches-dallas-other.html#ixzz1WS39KPt9
Aug 29, 2011 at 4:24 PM | Registered CommenterDailyBail
State paid sex offenders as baby sitters

Illinois' baby-sitting program has given rapists, molesters and other violent felons access to kids

http://www.chicagotribune.com/news/local/ct-met-sex-offender-baby-sitters-20110828,0,1748877,full.story
Aug 29, 2011 at 4:24 PM | Registered CommenterDailyBail
More to the point, why didn't Buffett keep his pie-hole shut and simply write a hefty cheque? Or write a hefty cheque (a couple hundred mill - he wouldn't miss it) and then write about that, in order to set an example?

Answer: it's typical Buffett 'faux-downhome' hokum, designed to gull rubes into thinking that he gives a flying rat's ass. And we find that as usual, the folksy pablum conceals a background of tax avoidance and chicanery.

Note - I am anti-tax, because I am anti-State... so I don't WANT the rich to be taxed; but I don't want vermin like Buffett bullshitting about 'responsibility' while overseeing an organisation that is doing precisely the opposite.

In the same way, I think every man has the right to be a homosexual without disclosing it - your sexuality is nobody's business - but if a closeted gay man chooses to be an anti-gay crusader, he should be outed [yes, Marcus Bachmann, we're all looking at you, you mincing, death-hag marrying freak].
Aug 29, 2011 at 5:45 PM | Unregistered CommenterGT
What a f*****g douche bag. Buffett is the neocon version of George Soros. Just die, already, you greedy old fart. Your pseudo philanthropy isn't fooling anyone with a brain. Which is why the corporate controlled media fawns all over this turd.
Aug 29, 2011 at 5:49 PM | Unregistered CommenterPolitical Athiest
SHILL.....Paging Dr. Kevorkian...AB
Aug 29, 2011 at 6:13 PM | Unregistered Commenterain't bullshitt'n
And let's not forget he was just handed a cool $1.3 BILLION on a single day...
<a href=http://dailybail.com/home/roubini-proves-hes-an-idiot-feds-bullard-sees-no-need-for-fu.html>Warren Buffett’s Bank of America Stake Reaps $1.3 Billion Paper Profit on FIRST Day</a>
Aug 29, 2011 at 11:39 PM | Unregistered Commenternota
when ONE man is big enough to move an ENTIRE market...YOU KNOW THE GAME IS RIGGED....AB
Aug 30, 2011 at 12:03 AM | Unregistered Commenterain't bullshitt'n
Lest we forget, buffet said we should all get on our knees and thank Bernanke for the bailouts, while his chimney-sweep boy Munger said ordinary Americans should just suck it up.

Rent out Once Upon a Time in the West, warren, and pay attention to Morton, you disease-ridden carrier of yesterday. No amount of cash or connections can forestall your pitiful demise, your defining lack of manhood.
Aug 30, 2011 at 12:12 AM | Unregistered CommenterCheyenne
@GT

"...But if a closeted gay man chooses to be an anti-gay crusader, he should be outed [yes, Marcus Bachmann, we're all looking at you, you mincing, death-hag marrying freak].

Great comment overall. We were discussing Bachmann's husband just the other day. I agree completely. One of these weekends, I'll be posting clips of Mr. Bachmann exposing his hypocrisy. He's a homosexual who called other homosexuals barbarians who need to be educated.
Aug 30, 2011 at 1:27 AM | Registered CommenterDailyBail
And Cheyenne...I haven't forgotten Munger, the bastard.
Aug 30, 2011 at 1:29 AM | Registered CommenterDailyBail

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