Warren Buffet SUES IRS over taxes he was for more taxes on everyone else but him

Discussion in 'Politics' started by MikeFrank, Nov 21, 2011.

  1. MikeFrank
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    MikeFrank Member

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    Warren Buffet SUES IRS over taxes he was for more taxes on everyone else but him.

    Warren Buffett, who has been running around complaining that the government should "stop coddling the super-rich" and should raise taxes, is reportedly suing the IRS to avoid $643 million in taxes that the government says Berkshire Hathaway's NetJets subsidiary owes the government for failing to collect ticket taxes from NetJets customers (who include Mr. Buffett himself). The suit against the IRS is filed by NetJets Large Aircraft Inc., not by Mr. Buffett himself, but Mr. Buffett is CEO of NetJet parent Berkshire and its largest individual shareholder.


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  2. Baruch Menachem
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    Baruch Menachem '

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    SOP for him. He does like to take advantage of every single deduction he can get out of the tax code. Buffet is a ninja artist when it comes to taxation. which is the reason he is in favor of higher rates. It means more deductions, and he gets the congressional ear on company specific credits.

    Buffet's whines about how he pays a higher rate than his secretary is how he engineered it. She does the 1040EZ and pays a bunch, and his tax form weighs 86lbs and he pays squat. The rates are nice and high, but the games he can play with the tax code keep him rich.
     
  3. MikeFrank
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    MikeFrank Member

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    I agree with you.
     

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