Buffett Nails Trump Tax Lie

Discussion in 'Politics' started by edthecynic, Oct 10, 2016.

  1. edthecynic
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    edthecynic Censored for Cynicism

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    Warren Buffett fires back at Donald Trump's comments about his taxes

    In Sunday night's presidential debate in St. Louis, Trump claimed that Buffett took a "massive deduction" while defending his claimed $916 million loss in 1995 that allowed him to avoid federal income tax in at least some years. Buffett, a supporter of Democratic nominee Hillary Clinton, said Monday that Trump "has not seen my income tax returns."

    "I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward," Buffett said in a statement.

    snip/

    Buffett, the billionaire CEO of Berkshire Hathaway, said he is currently under audit and has "no problem in releasing (his) tax information while under audit."

    "Neither would Mr. Trump — at least he would have no legal problem," Buffett said in a statement.


    Buffett said that his 2015 return shows adjusted gross income of $11.56 million. He had total deductions of $5.48 million, which includes $3.47 million for allowable charitable contributions. He said he paid federal income tax of $1.85 million.

    Buffett said he made $2.86 billion in charitable contributions for the year and did not take more than $2.85 billion of it as deductions.
     
    • Winner Winner x 2
  2. paperview
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    paperview Life is Good

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    Thanks for that.
     
  3. g5000
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    g5000 Diamond Member

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    Warren Buffet donated $2.86 BILLION to charity last year. More than Trump's entire net worth.

    Buffet was only able to deduct $3.5 million of that. That's what real charity looks like, Chumps.

    Compare that to Trump donating NOTHING to charity. At least until he was shamed into finally coughing up a meager million dollars for vets.

    Trump's big mouth is filled with shoe leather once again, and his ass is charred into cinders.
     
  4. Iceweasel
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    Iceweasel Diamond Member

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    ...as we were saying in the other thread, fast eddie, what's stopping Buffet from publishing his tax records now if he claims he has no problem with it?
     

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