Warren Buffett’s taxing hypocrisy

[Apocalypse]

“The company has been short-changing the tax collection agency for much of the past decade. Mr. Buffett’s company has not fully settled its tax bills from 2002-2009. Yet he says he’d happily pay more. Except the IRS has apparently been asking him to pay more going on nine years.”

Apparently, not paying taxes in full is an annual occurrence under Buffett’s watch. Considering the size of the company, the amount of unsettled taxes could total in the tens of millions.

Read more at NetRightDaily.com: http://netrightdaily.com/2011/08/war...#ixzz1WTV5jnWn

So like many others under Obama, we have another tax cheat that wants to raise taxes on every one else while cheating on his own taxes.

[MrsSmith]

So like many others under Obama, we have another tax cheat that wants to raise taxes on every one else while cheating on his own taxes.

No surprise. For the left, it's all about someone else's money...all the time. If anyone wants to pay more taxes, they can just skip some deductions.

It's one of those "Don't like it, don't do it" things...like the DUmmies view of abortion, "Don't like abortions, don't have one." "Don't like low taxes, don't take deductions, but don't force your choice on everyone else. You can't legislate morality, after all."

[lacarnut]

So like many others under Obama, we have another tax cheat that wants to raise taxes on every one else while cheating on his own taxes.

You wanna bet that the IRS will settle on 20 cents on the dollar? That happens quite often to high rollers.
You will not have anyone in the news media or financial reporter confront him in a face to face interview with the company's avoidance of taxes.

[jediab]

I also heard that Buffet doesn't pay himself a salary. Which means no federal and state income taxes. He makes him money off investments which is the captial gains tax.

[lacarnut]

I also heard that Buffet doesn't pay himself a salary. Which means no federal and state income taxes. He makes him money off investments which is the captial gains tax.

Correct. If he did not use the lower capital gains tax rate, his personal income taxes would be much higher. He is a hypocritical liberal shill for the Obummer administration when he does not divulge the disparity between his tax rate and his Secretary's tax rate. You can also bet your sweet pea picking ass that an increase in tax rates would benefit his insurance/stock holdings.

[the director]

Warrent Buffet has to know that at any point he could write Uncle Sam a check that will pay down the debt or go into government coffers. He could lead by example by increasing the tax rate on himself, no government intervention required - although it would just be a drop in the bucket.

Here is what is scary. Buffet is one of the richest men in the world and the US government spends the equivalent of Buffet's entire fortune in a week. One week. The system is that massive, that bloated, that out of control. The system is a living beast that has a life of its own and continues to consume and consume and consume.

[KhrushchevsShoe]

“We anticipate that we will resolve all adjustments proposed by the U.S. Internal Revenue Service (‘IRS’) for the 2002 through 2004 tax years at the IRS Appeals Division within the next 12 months. The IRS has completed its examination of our consolidated U.S. federal income tax returns for the 2005 and 2006 tax years and the proposed adjustments are currently being reviewed by the IRS Appeals Division process. The IRS is currently auditing our consolidated U.S. federal income tax returns for the 2007 through 2009 tax years.”

That is not cheating on your taxes.

[KhrushchevsShoe]

Warrent Buffet has to know that at any point he could write Uncle Sam a check that will pay down the debt or go into government coffers. He could lead by example by increasing the tax rate on himself, no government intervention required - although it would just be a drop in the bucket.

Sounds like redistribution of wealth to me. Good idea.

[djones520]

Sounds like redistribution of wealth to me. Good idea.

It would just be practicing what he preached.

[djones520]

“We anticipate that we will resolve all adjustments proposed by the U.S. Internal Revenue Service (‘IRS’) for the 2002 through 2004 tax years at the IRS Appeals Division within the next 12 months. The IRS has completed its examination of our consolidated U.S. federal income tax returns for the 2005 and 2006 tax years and the proposed adjustments are currently being reviewed by the IRS Appeals Division process. The IRS is currently auditing our consolidated U.S. federal income tax returns for the 2007 through 2009 tax years.”

That is not cheating on your taxes.

And whats going on in your head isn't actual thought.