The T
George S. Patton Party
This weekend, Obama was urging Americans and the Congress to support the "Buffett Rule"...
Nevermind Buffett is in a ten year battle against the IRS and taxes owed...
According to Berkshires 2010 annual report,
LINK
[ame="http://www.youtube.com/watch?v=mxGyLIe8yWY"]Obama Touts Buffett Rule[/ame]
[ame="http://www.youtube.com/watch?v=9yiay9qgqPU&feature=player_embedded"]Weekly Address: It's Time for Congress to Pass the Buffett Rule - YouTube[/ame]
OK...I've cited one FOO...
Any others?
Nevermind Buffett is in a ten year battle against the IRS and taxes owed...
According to Berkshires 2010 annual report,
the company has been in a near decade-long struggle with the IRS over its own taxes. Using public documents, a certified public accountant detailed Berkshires tax problems to Americans for Limited Government researcher Richard McCarty, revealing the damage could be close to $1 billion. Netright Daily adds:
According to page 56 of the company report, At December 31, 2010 net unrecognized tax benefits were $1,005 million, or about $1 billion. McCarty explained, Unrecognized tax benefits represent the companys potential future obligation to the IRS and other taxing authorities. They have to be recorded in the companys financial statements.
He added, The notation means that Berkshire Hathaways own auditors have probably said that $1 billion is more likely than not owed to the government.
LINK
[ame="http://www.youtube.com/watch?v=mxGyLIe8yWY"]Obama Touts Buffett Rule[/ame]
[ame="http://www.youtube.com/watch?v=9yiay9qgqPU&feature=player_embedded"]Weekly Address: It's Time for Congress to Pass the Buffett Rule - YouTube[/ame]
OK...I've cited one FOO...
Any others?