Warren Buffett Paid $7 Income Tax in 1944...When He Was 13

[Campbell]

Probably More Than Donald Trump Has Paid In The Last 15 Years!

That Makes Him Smart.......NOT!!!

buffet is an absolute hypocrite

And Trump is an absolute liar!
2
Buffett Nails Trump Tax Lie

I'll believe Warren Buffet when he coughs up the tax returns. He's long been in the tank for Democrats, it's served him well.

As usual, you Trumpettes are fucked up liars. Buffet has made his tax returns available.

How Warren Buffett’s Released Tax Returns Prove Trump Wrong

Trump, on the other hand, has claimed that his income in 2015 exceeded $557 million--though my Fortune colleague Shawn Tully has pointed out that the presidential candidate appears to be confusing revenues with net income, and probably made closer to $177 million last year, before taxes. The 1995 loss could have allowed him to deduct $50 million from his income through 2013 using an IRS provision called a “carryforward,” allowing him to potentially skip paying taxes that whole time. Last year, however, Tully estimates that Trump paid a tax rate of 15%, or about $27 million.

Buffett, meanwhile, says he has paid federal income taxes every year since 1944, when he was 13, and has never used a carryforward from a loss on any of those 72 tax returns. That’s not to be confused with carried interest, another provision that Trump brought up in Sunday’s debate that allows certain wealthy investors to collect a tax benefit on some investments. But Buffett has previously told Fortune that he does not have any investments that would allow him to take advantage of that provision.

In mentioning Buffett’s supposedly “massive deduction,” Trump may have been referring to the Oracle of Omaha’s charitable donations, which are indeed massive. Last year, Buffett gave nearly $2.86 billion to charity--nearly our estimate of what Trump is worth in total--much of which was in the form of Berkshire Hathaway stock--making him one of the top philanthropic donors in the world. But Buffett could only deduct a relatively small portion of that--less than $3.5 million, or 0.12% of his total donations--on his tax returns because U.S. tax law caps the charitable amount that people can deduct.

On the flip side, Trump hasn’t even come close to approaching the limit on charitable contributions: The last donation he made to his own philanthropy, the Donald J. Trump Foundation, was in 2008 for only $30,000, according to Inside Philanthropy.

Buffets a hypocrite and he's in the tank for a ******* piece of shit progressives… LOL

Really?

Warren Buffett gives $2.9 billion to charity

 

[Iceweasel]

Probably More Than Donald Trump Has Paid In The Last 15 Years!

That Makes Him Smart.......NOT!!!

buffet is an absolute hypocrite

And Trump is an absolute liar!
2
Buffett Nails Trump Tax Lie

I'll believe Warren Buffet when he coughs up the tax returns. He's long been in the tank for Democrats, it's served him well.

As usual, you Trumpettes are fucked up liars. Buffet has made his tax returns available.

How Warren Buffett’s Released Tax Returns Prove Trump Wrong

Trump, on the other hand, has claimed that his income in 2015 exceeded $557 million--though my Fortune colleague Shawn Tully has pointed out that the presidential candidate appears to be confusing revenues with net income, and probably made closer to $177 million last year, before taxes. The 1995 loss could have allowed him to deduct $50 million from his income through 2013 using an IRS provision called a “carryforward,” allowing him to potentially skip paying taxes that whole time. Last year, however, Tully estimates that Trump paid a tax rate of 15%, or about $27 million.

Buffett, meanwhile, says he has paid federal income taxes every year since 1944, when he was 13, and has never used a carryforward from a loss on any of those 72 tax returns. That’s not to be confused with carried interest, another provision that Trump brought up in Sunday’s debate that allows certain wealthy investors to collect a tax benefit on some investments. But Buffett has previously told Fortune that he does not have any investments that would allow him to take advantage of that provision.

In mentioning Buffett’s supposedly “massive deduction,” Trump may have been referring to the Oracle of Omaha’s charitable donations, which are indeed massive. Last year, Buffett gave nearly $2.86 billion to charity--nearly our estimate of what Trump is worth in total--much of which was in the form of Berkshire Hathaway stock--making him one of the top philanthropic donors in the world. But Buffett could only deduct a relatively small portion of that--less than $3.5 million, or 0.12% of his total donations--on his tax returns because U.S. tax law caps the charitable amount that people can deduct.

On the flip side, Trump hasn’t even come close to approaching the limit on charitable contributions: The last donation he made to his own philanthropy, the Donald J. Trump Foundation, was in 2008 for only $30,000, according to Inside Philanthropy.

What's a Trumpette? Someone that doesn't think he's Satan?

I asked what's stopping Buffet from releasing his tax returns so your corrupt mind sees "lie". That makes no sense. And what someone speculates about someone's income or worth makes no more sense. Tax returns don't show net worth.

How pure or saintly you think Warren Buffet is isn't the point. Feel free to worship whoever you like. He uses the tax laws to his advantage like anyone else with a brain does. The fact that he's a Democrat one percenter obviously turns you on in a big way but Trump said he uses the tax laws to his advantage. How does that prove Trump wrong or a liar? Or me for mentioning it to your dumb ass?

 

[Iceweasel]

[QUOTE="Campbell, post: 15519434, member: 55522"

Really?

Warren Buffett gives $2.9 billion to charity[/QUOTE]Quit being a lazy **** and post the content. If you are too stupid or lazy I see no need to leave the site.

 

[Campbell]

[QUOTE="Campbell, post: 15519434, member: 55522"

Really?

Warren Buffett gives $2.9 billion to charity

Quit being a lazy **** and post the content. If you are too stupid or lazy I see no need to leave the site.[/QUOTE]

Just like a Republican.......won't even read what you don't want to see or hear.

 

[Iceweasel]

All you posted was a link. That's lazy and sloppy but being a liberal it's my fault.

LOL

 

[Rustic]

buffet is an absolute hypocrite

And Trump is an absolute liar!
2
Buffett Nails Trump Tax Lie

I'll believe Warren Buffet when he coughs up the tax returns. He's long been in the tank for Democrats, it's served him well.

As usual, you Trumpettes are fucked up liars. Buffet has made his tax returns available.

How Warren Buffett’s Released Tax Returns Prove Trump Wrong

Trump, on the other hand, has claimed that his income in 2015 exceeded $557 million--though my Fortune colleague Shawn Tully has pointed out that the presidential candidate appears to be confusing revenues with net income, and probably made closer to $177 million last year, before taxes. The 1995 loss could have allowed him to deduct $50 million from his income through 2013 using an IRS provision called a “carryforward,” allowing him to potentially skip paying taxes that whole time. Last year, however, Tully estimates that Trump paid a tax rate of 15%, or about $27 million.

Buffett, meanwhile, says he has paid federal income taxes every year since 1944, when he was 13, and has never used a carryforward from a loss on any of those 72 tax returns. That’s not to be confused with carried interest, another provision that Trump brought up in Sunday’s debate that allows certain wealthy investors to collect a tax benefit on some investments. But Buffett has previously told Fortune that he does not have any investments that would allow him to take advantage of that provision.

In mentioning Buffett’s supposedly “massive deduction,” Trump may have been referring to the Oracle of Omaha’s charitable donations, which are indeed massive. Last year, Buffett gave nearly $2.86 billion to charity--nearly our estimate of what Trump is worth in total--much of which was in the form of Berkshire Hathaway stock--making him one of the top philanthropic donors in the world. But Buffett could only deduct a relatively small portion of that--less than $3.5 million, or 0.12% of his total donations--on his tax returns because U.S. tax law caps the charitable amount that people can deduct.

On the flip side, Trump hasn’t even come close to approaching the limit on charitable contributions: The last donation he made to his own philanthropy, the Donald J. Trump Foundation, was in 2008 for only $30,000, according to Inside Philanthropy.

Buffets a hypocrite and he's in the tank for a ******* piece of shit progressives… LOL

Really?

Warren Buffett gives $2.9 billion to charity

Says Buffett, your too gullible... lemming. lol