Berkshire Hathaway owes a billion dollars in back taxes. Update: Warren Buffett’s Company Owes Nearly $1 Billion in Taxes | TheBlaze.com Berkshire Hathaway Annual report link http://www.berkshirehathaway.com/2010ar/2010ar.pdf Now we all know that Buffett scams the tax code by paying himself a paltry 100K a year in salary for running a multibillion dollar company so as to avoid income taxes. How does he get away with that when my own accountant said that I has better take a salary of 75K for running my business that grosses about 1.2 million a year? How does a hypocrite like Buffett become the darling of the current administration when he clearly is one of the biggest tax dodgers around? The answer is simple. Warren Buffett has entered into a quid pro quo arrangement with the government where he will use his reputation to stump for higher taxes so his billion dollar tax bill will be erased. So once again people will do anything to raise taxes on everyone but themselves. As I said before anyone who wants to pay higher taxes is a moron and I don't think Warren Buffett is a moron because he has figured out how to pay less than most.