Misty
Gold Member
- Aug 11, 2009
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On Monday, The Blaze reported that Warren Buffetts company, Berkshire Hathaway, owes back taxes dating to 2002. The news is significant because in a recent op-ed column for the New York Times, Buffett, one of President Obamas staunchest supporters, stated that, to now, the super wealthy have been coddled and deserve to be taxed at an even higher rate than they currently are.
When Buffett made his revelation earlier in the month, most assumed his company was up-t0-date on its taxes. That assumption has turned out to be incorrect, however and to a substantial degree perhaps.
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."
Update: Warren Buffett’s Company Owes Nearly $1 Billion in Taxes | TheBlaze.com
When Buffett made his revelation earlier in the month, most assumed his company was up-t0-date on its taxes. That assumption has turned out to be incorrect, however and to a substantial degree perhaps.
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."
Update: Warren Buffett’s Company Owes Nearly $1 Billion in Taxes | TheBlaze.com